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Third Point Posts 4.4% Feb. Return

Mar 09, 2014
Jing Chen

The flagship fund at Dan Loeb’s Third Point gained 4.4% in February.

Reuters reported that the New York-based fund’s return last month was attributed to double-digit gains at Down Chemical Co, one of the firm’s largest holdings. The fund is now up 2.4% for the year.

The article added that the February gains helped Third Point offset some of the losses it experienced at the beginning of this year when the stock market stumbled.

Separately, Third Point recently made headlines when it was reported that it is launching a proxy battle against auction house Sotheby’s in an effort to win three board seats.

Third Point manages about $14 billion in assets.

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