27th Apr 2022 14:19
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%.
"While not without volatility, 2021 was a year of resilience, with markets shrugging off political tumult, uneven recovery from Covid-19 waves, and supply chain bottlenecks to deliver strong headline returns," the company says. All asset classes contribute to returns, other than the short book of equity, which had a negative return of 11%. Long equity, by contrast, returned positive 32%. Top 5 positions as of December 31 were SentinelOne Inc, Pacific Gas & Electric Co, Prudential PLC, Amazon.com Inc, and Danaher Corp.
Current stock price: USD24.30
12-month change: down 2.8%
By Tom Waite; [email protected]
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Related Shares:
Third Poi. $Third Poi. $Prudential