2681Comments (14)http%3A%2F%2Fdealbreaker.com%2F2009%2F06%2Fdear-third-point-people-3%2FDear+Third+Point+People2009-06-02+16%3A23%3A44Bess+Levinhttp%3A%2F%2Fwp.dealbreaker.com%2F2009%2F06%2Fdear-third-point-people-3%2F

1. 1
   Posted by guest | June 2, 2009 at 11:26 AM

   Lady Loeb is back in the game!

2. 2
   Posted by guest | June 2, 2009 at 11:30 AM

   what now, ken griffin?

3. 3
   Posted by guest | June 2, 2009 at 11:39 AM

   ’08 was a fluke.

4. 4
   Posted by guest | June 2, 2009 at 12:13 PM

   That’s alpha, bitches

5. 5
   Posted by guest | June 2, 2009 at 12:17 PM

   @4:
   Alpha = 5.4% – 3% – Fees

6. 6
   Posted by guest | June 2, 2009 at 12:27 PM

   @4 i for one appreciate the sarchasm.

7. 7
   Posted by american bandersnatch | June 2, 2009 at 12:29 PM

   i fell into a sarchasm once – broke my funny bone

8. 8
   Posted by guest | June 2, 2009 at 12:44 PM

   Third Point Capital…Mutual Fund Returns at Hedge Fund Prices.

9. 9
   Posted by guest | June 2, 2009 at 2:34 PM

   5.4% (or 4.3, 4.1 etc) minus 2 and 20 don’t leave much…

10. 10
    Posted by guest | June 2, 2009 at 2:40 PM

    Let me know if I’m wrong here (I know you will, but just reminding you), but I believe that industry practice is to express hedge fund returns net of fees. Unlike traditional funds, where returns are gross of (much lower) fees.

11. 11
    Posted by guest | June 2, 2009 at 3:42 PM

    alphaclone Loeb portfolio beats the market by 10% a year since ’00.

12. 12
    Posted by Pay It Forward | June 2, 2009 at 4:06 PM

    @5,8,9 — To confirm what 10 said, those *are* net of fees. Reading comprehension goes a long way, numbnuts.

13. 13
    Posted by guest | June 2, 2009 at 7:48 PM

    “Third Point Capital…Mutual Fund Returns at Hedge Fund Prices.”
    Yes.
    Returns for a wildly held 12 billion “hedgy” mutual fund over the same period.
    YTD 12month 3 year 5 year
    Fund 10.96 -18.48% 5.67% 13.83%

14. 14
    Posted by guest | June 3, 2009 at 5:42 AM

    @7 FTW. I lol’d.