(Alliance News) - Third Point Investors Ltd on Wednesday reported strong year-to-date net asset value returns as it revealed "good progress" with its Strategy Committee. Read More
(Alliance News) - Third Point Investors Ltd reported gains in its Master Fund for the third quarter of 2024 as it acknowledged "a positive set-up" for event driven investing. Read More
(Alliance News) - Third Point Investors Ltd on Friday reported a higher net asset value per share as it noted that artificial intelligence can be a catalyst for value creation. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday, Wednesday and Thursday and not separately reported by Alliance News: Read More
Third Point Investors Ltd - Feeder fund that invests in the Third Point Offshore Fund - Says master fund generated 7.6% gain in fourth quarter of 2023, up sharply from 1.2% a year prior, with contributions from equity longs, risk arbitrage, and corporate credit offset modestly by equity shorts and hedges. Third Point adds that most of the major detractors during the first and second quarters rebounded in the second half of the year. Alongside its successful risk arbitrage positions in Activision Blizzard and US Steel Corp, the firm says that this resulted in equity returns above the benchmark indices for the period. Activision Blizzard was bought by Microsoft Corp for about USD69 billion in October, and US Steel is proposed to be bought for USD14.1 billion by Japan's Nippon Steel. Read More
Third Point Investors Ltd - feeder fund that invests in the Third Point Offshore Fund - Reports a "difficult period for performance" in the first half of 2023. Its net asset value total return during the six months to June 30, at negative 3.8%, underperforms both the MSCI World Index and S&P 500 Index which return 15% and 17%. Net asset value per share declines 3.8% to USD23.54 from USD24.46 at end of December. Read More
Third Point Investors Ltd - feeder fund that invests in the Third Point Offshore Fund - Reports all resolutions were passed at the annual general meeting on June 7. Notes that in respect of Resolution 7, votes against the re-election of Josh Targoff totalled 33.60%, exceeding the 20% threshold for votes cast against the resolution. Explains the board is therefore obligated to provide an update on the views received from shareholders and respond accordingly within a six-month period. Says the board will respond accordingly. Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Third Point Investors Ltd - feeder fund that invests in the Third Point Offshore Fund - Third Point LLC returns 1.2% in the flagship Offshore Fund during the fourth quarter of 2022, compared with the 500 Index return of 9.9% and the MSCI World Index return of 7.5% in the same period. Says the fourth quarter results lagged the performance of relevant indices, largely due to its defensive positioning, weakness of several large positions, and the write-off or markdowns in crypto-related private investments. Positively, says it sees the current environment as ideal "for an approach to investing that focuses on companies trading at attractive valuations with catalysts to realize full value". Read More
(Alliance News) - Third Point Investors Ltd on Monday said its net asset value per share fell, citing a technology firms and an electric vehicle carmaker as the main detractors. Read More
Third Point Investors Ltd - feeder fund that invests in the Third Point Offshore Fund - Returns minus 1.2% on a net asset value basis in April. Positive contribution from utility company Pacific Gas & Electric Co. Main detractors were cybersecurity company SentinelOne Inc, e-commerce company Amazon.com Inc and life sciences company Danaher Corp. Read More
Third Point Investors Ltd - multi-strategy investment - Net asset value per share rises by 24% to USD32.37 on December 31 from USD26.18 the same date a year before. Over the same period, Third Point Investors' share price rose by 31%, narrowing the discount to 14% from 19%. Since the start of 2022, the discount has narrowed further to 11%, though the share price is down 13%. Read More
Third Point Investors Ltd - close-end fund managed by Third Point LLC - Announces results of its 2022 exchange facility in which investors had the opportunity to convert Third Point Investors shares into shares of Third Point’s Cayman Fund at a 2% discount to NAV per Third Point Investors share. Receives exchange requests of 6.1 million shares, representing an estimated USD170 million using the estimate of net asset value at March 16. Company intends to exchange USD75 million of value as measured by the March 31 NAV. Read More
TRADING UPDATES: Biffa chair responds to shareholders; Kromek improves Read More
UK shareholder meetings calendar - next 7 days Read More
IN BRIEF: Return on Third Point's Rivian investment swells after IPO Read More
IN BRIEF: Third Point commences share exchange facility period Read More