2009-05 May Monthly Report Investor [PDF]
Earlier: Dan Loeb Will DJ Way Through '09
Dear Third Point People
Posted by Bess Levin, Jun 02, 2009, 11:23am
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Posted by guest , Jun 02, 2009 11:26AM
Lady Loeb is back in the game!
Posted by guest , Jun 02, 2009 11:30AM
what now, ken griffin?
Posted by guest , Jun 02, 2009 11:39AM
'08 was a fluke.
Posted by guest , Jun 02, 2009 12:13PM
That's alpha, bitches
Posted by guest , Jun 02, 2009 12:17PM
@4:
Alpha = 5.4% - 3% - Fees
Posted by guest , Jun 02, 2009 12:27PM
@4 i for one appreciate the sarchasm.
Posted by american bandersnatch , Jun 02, 2009 12:29PM
i fell into a sarchasm once - broke my funny bone
Posted by guest , Jun 02, 2009 12:44PM
Third Point Capital...Mutual Fund Returns at Hedge Fund Prices.
Posted by guest , Jun 02, 2009 2:34PM
5.4% (or 4.3, 4.1 etc) minus 2 and 20 don't leave much...
Posted by guest , Jun 02, 2009 2:40PM
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.
Posted by guest , Jun 02, 2009 3:42PM
alphaclone Loeb portfolio beats the market by 10% a year since '00.
Posted by Pay It Forward , Jun 02, 2009 4:06PM
@5,8,9 -- To confirm what 10 said, those *are* net of fees. Reading comprehension goes a long way, numbnuts.
Posted by guest , Jun 02, 2009 7:48PM
"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%
Posted by guest , Jun 03, 2009 5:42AM
@7 FTW. I lol'd.