2nd Jul 2014 08:45
Third Point Offshore Investors Limited (the" Company")
(a closed-ended investment company incorporated with limited liability under the laws of Guernsey with registered number 47181)
Third Point June 2014 Performance
7/2/2014
Monthly Performance
| June | YTD |
Third Point Offshore Fund, Ltd. | 1.9% | 6.0% |
S&P 500 | 2.1% | 7.1% |
Historical Performance1
Third Point Offshore Fund Ltd. |
S&P 500 | |
Annualized Return | 17.8% | 7.5% |
Exposure and Performance2
Long/Short Equity | Exposure | P&L | ||||
| Long | Short | Net | Long | Short | Net |
Total L/S Equity | 73.5% | -11.3% | 62.2% | 1.6% | -0.4% | 1.2% |
Total Credit | 34.8% | -7.2% | 27.6% | 0.5% | 0.0% | 0.5% |
Total Macro | 6.1% | -7.9% | -1.8% | 0.0% | 0.0% | 0.0% |
Total Other | 2.7% | 0.0% | 2.7% | 0.4% | -0.2% | 0.2% |
Geographic Exposure - Long/Short Equity Only
Long Exposure
Americas: 84%
EMEA: 19%
Asia: 14%
Short Exposure
Americas: -15%
EMEA: -7%
Asia: -4%
Net Exposure
Americas: 69%
EMEA: 12%
Asia: 10%
Market Capitalization3
$5-10B: 11%
>10B: 76%
Position Concentration
Top 10 Top 20
Long 37% 51%
Short 19% 23%
1 All performance since inception, December 1996 (net of fees).
2 Relates to the Third Point Offshore Master Fund L.P.
3 Market capitalization reflects only those holdings that are exchange-listed equity or any synthetic equity with an underlying reference instrument market capitalization.
Explanatory Note
All information provided herein is for informational purposes only and should not be deemed as a recommendation to buy or sell the securities mentioned. The Third Point Offshore Fund, Ltd. is a feeder fund in a master feeder structure in which it is limited partner of, and contributes substantially all of its assets to, Third Point Offshore Master Fund L.P. All information contained herein relates to the TP Offshore Master Fund L.P. unless otherwise specified. P&L and AUM information are presented at the feeder fund level.
All P&L and performance results are based on the net asset value of fee-paying investors only and are presented net of management fees, brokerage commissions, administrative expenses, and accrued performance allocation, if any, and include the reinvestment of all dividends, interest, and capital gains. While performance allocations are accrued monthly, they are deducted from investor balances only annually or upon withdrawal. The performance above represents fund-level returns, and is not an estimate of any specific investor's actual performance, which may be materially different from such performance depending on numerous factors. All performance results are estimates and should not be regarded as final until audited financial statements are issued.
While the performance of the Offshore Fund has been compared here with the performance of a well-known and widely recognized index, the index has not been selected to represent an appropriate benchmark for the Offshore Fund whose holdings, performance and volatility may differ significantly from the securities that comprise the index. Investors cannot invest directly in an index (although one can invest in an index fund designed to closely track such index).
Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. This transmission is confidential and may not be redistributed without the express written consent of Third Point LLC and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product. Any such offer or solicitation may only be made by means of delivery of an approved confidential offering memorandum.
Website: www.thirdpointpublic.com
Enquiries:
Company Secretary - Northern Trust International Fund Administration Services (Guernsey) Limited
Tel: +44 (0) 1481 745368
Email: [email protected]
Related Shares:
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