Seeking Alpha

Third Point Q2 2019 Investor Letter

About: Third Point Offshore Investors Limited (TPNTF), Includes: BAX, BID, CPB, NSRGF, NSRGY, SNE, UTX
by: Fund Letters

Third Point was founded in 1995 by Daniel S. Loeb, who serves as Chief Executive Officer. Third Point focuses on event-driven, value-oriented investing.

During the first half of this year, we primarily focused on event-driven strategies, including activist investing.

We also grew our concentrated book of single name shorts and increased some sector and market hedges to dampen volatility and market correlation.

Given the fund’s lower net exposure this year, we are pleased that Third Point’s OffshoreFund gained +3.8% during the Second Quarter of 2019 and returned +13.1% through June30, 2019.

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