27th Aug 2014 12:26
LONDON (Alliance News) - Third Point Offshore Investors Ltd Wednesday reported net asset value per share growth of 6.6% in both dollar and sterling share classes, driven by corporate and structured credit portfolios.
In a statement, the London listed hedge fund managed by Daniel Loeb's Third Point LLC said its overall net asset value increased 6.8% to USD912.2 million in the six months ended June 30.
The investment manager initiated several major new investments during the first half and believes that the environment remains attractive for
event-driven strategies, Third Point Offshore Investors said in its statement.
"I'm pleased to report another period of significant progress for the company with robust NAV growth underpinning a strong first half performance. This has been driven by positive returns across the structured credit portfolio and outperformance in the US and Latin America equity portfolios," Third Point Offshore Investors Chairman Marc Antoine Autheman said in a statement.
| Ticker | Tranche | NAV HY 14 | NAV FY 13 | NAV Growth |
| TPOU | USD Class USD | USD17.98 | USD16.87 | 6.60% |
| TPOG | GBP Class GBP | GBP17.27 | GBP16.20 | 6.60% |
The dollar share class was Wednesday quoted up 0.3% at USD17.20, while sterling shares were down 0.5% at 1,612.10p.
By Samuel Agini; [email protected]; @samuelagini
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| Ticker | Tranche | NAV HY 14 | NAV FY 13 | NAV Growth |
| TPOU | USD Class USD | USD17.98 | USD16.87 | 6.60% |
| TPOG | GBP Class GBP | GBP17.27 | GBP16.20 | 6.60% |
Related Shares:
Third Poi. $