• 01 Aug 2009 at 2:30 PM

Dear Third Point People

By Bess Levin

Third Point Partners, Partners Qualified, Offshore, and Ultra Funds returned 8.0%, 7.9%, 10.0% and 12.2% for the second quarter of 2009, and have returned 5.6%, 5.5%, 7.1% and 8.5% for the year to date.

And that’s not all my Little Loebians:
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Third Point Q2’09 Investor Letter [PDF]

Comments (19)

  1. 1
    Posted by guest | August 1, 2009 at 3:05 PM

    nice work bitch
    -ken g

  2. 2
    Posted by guest | August 1, 2009 at 3:25 PM

    A little weekend work pre va-ca?

  3. 3
    Posted by guest | August 1, 2009 at 3:31 PM

    @2 she just can’t quit us. bess, don’t leave!

  4. 4
    Posted by guest | August 1, 2009 at 4:06 PM

    at least someone else is working this weekend

  5. 5
    Posted by guest | August 1, 2009 at 4:47 PM

    @4 – what do you mean? Everybody’s working for the weekend. Everybody needs a new romance. Hey-yaaaay, hey-yay.

  6. 6
    Posted by trojan | August 1, 2009 at 4:58 PM

    Bess is on a vacation far away
    Come around and talk it over
    So many things that I’d like to say
    You know I like my girls a little bit older
    I just wanna use your love tonight
    I don’t wanna lose your love tonight

  7. 7
    Posted by guest | August 1, 2009 at 5:30 PM

    #6 ftw, never too early on the weekend for The Outfield.

  8. 8
    Posted by guest | August 1, 2009 at 6:07 PM

    Christ, 3 of the 4 mutual funds in my 401k have returned >11% this year.

  9. 9
    Posted by Investorcluzo | August 1, 2009 at 8:07 PM

    @8 – exactly, the funds in my pa are all up big (yeah, they were down last year) but 11%, c’mon.
    FBGRX >21%
    FLPSX >21%
    OAKLX >29%
    RGAFX >19%
    and no, this isn’t an endorsement for fido, just proves that even “retail” can make money in this environment…

  10. 10
    Posted by guest | August 1, 2009 at 9:42 PM

    All of my funds with Charles Schwab are killing it too! Go us!

  11. 11
    Posted by Seaman Bodine II | August 2, 2009 at 5:16 AM

    @9
    yeah – but can they lose 70% of their value overnight?

  12. 12
    Posted by guest | August 2, 2009 at 8:13 AM

    Professional traders will always do better than you average Joes. It was true for us at Lehman and it’s still true today.

  13. 13
    Posted by guest | August 2, 2009 at 8:36 AM

    @seaman- loeb didn’t lose 70 percent, he was down 27 percent last year.

  14. 14
    Posted by Seaman Bodine II | August 2, 2009 at 9:44 AM

    @13
    seriously, the standard deviation of stupidity on this board is nutty – you’re easily 3 sigma retarded

  15. 15
    Posted by Investorcluzo | August 2, 2009 at 10:32 AM

    @seaman – no, I’d have to pay 2/20 to get that kind of excitement…

  16. 16
    Posted by guest | August 2, 2009 at 11:11 AM

    funds. who needs em’. the market has stabalized itself, in my opinion, to facilitate good ol’ fashion day trading. Get in, get out, on a few pennies and you’re all set.
    -fratombomb.com

  17. 17
    Posted by guest | August 2, 2009 at 11:11 AM

    Obama portfolio: +41.02%
    Just sayin’

  18. 18
    Posted by guest | August 2, 2009 at 1:19 PM

    Rich Wilson is in no shape usually to comment on anything finance – related. His research is from Mark Berry (the bartender) … that’s what love does

  19. 19
    Posted by guest | August 2, 2009 at 8:16 PM

    @17
    All those who went ultra short the Obama Portfolio when it was started have now been evicted, and looking for a low rent place to live. That should include some of our dear friends.

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