• 03 Jan 2011 at 9:07 AM

2010 Was Good To Third Point Investors

By Bess Levin

If you’re into 30-40 percent returns.

Comments (20)

  1. 1
    Posted by Guest | January 3, 2011 at 2:18 PM

    damn danny boy.

  2. 2
    Posted by Guest | January 3, 2011 at 2:18 PM

    damn danny boy.

  3. 3
    Posted by Anon | January 3, 2011 at 2:19 PM

    whatevs. some of us like being under the hwm.

    -KG

  4. 4
    Posted by Anon | January 3, 2011 at 2:19 PM

    whatevs. some of us like being under the hwm.

    -KG

  5. 5
    Posted by Falcone | January 3, 2011 at 2:42 PM

    I had a 30-40% return of capital, too.

    Oh, you meant return ON capital? Never mind.

  6. 6
    Posted by FloridaTrash | January 3, 2011 at 2:43 PM

    What good is a 40% return if you don’t borrow from the fund to pay personal taxes?

    -PF

  7. 7
    Posted by CobraMcJingleballs | January 3, 2011 at 3:11 PM

    I hate Julian Assangel.

  8. 8
    Posted by Covey 01 | January 3, 2011 at 3:19 PM

    If 30 to 40 is your game, volitility is your game! Not for the faint-hearted.

  9. 9
    Posted by DJChazzyGas | January 3, 2011 at 3:22 PM

    And that’s when I said “Pound me in the ass, Mr. Meyers!”

    -True Story

  10. 10
    Posted by Anonymous | January 3, 2011 at 3:27 PM

    Analysts only speak to DL. and DL only speaks to God.

    ‘volatility’ is just an excuse for failing sometimes. and DL never fails.

  11. 11
    Posted by Anonymous | January 3, 2011 at 3:27 PM

    Analysts only speak to DL. and DL only speaks to God.

    ‘volatility’ is just an excuse for failing sometimes. and DL never fails.

  12. 12
    Posted by Tarder | January 3, 2011 at 3:30 PM

    Working back from the math it looks like they were using a 140/75 hft algo LS model quanted to commodities with knock-out equity options backstopped by long condor currency “flaps” adjusted to kick-out look-backs on a volatility based square root swing pulse with the line of trade demarcation being new moon appearances.

    -Trader in Ward “A”
    Bellvue Hospital

  13. 13
    Posted by Yahweh, He Who Is | January 3, 2011 at 3:35 PM

    I haven’t been taking his calls. Leave Me out of it.

    -God

  14. 14
    Posted by D.L. | January 3, 2011 at 4:30 PM

    You got almost all of it right. We locked in our gains by hedging our exposure with a customized CDS against the AJ tranche of a CDO^5 sold to us by the guys at Handbridge Capital.

  15. 15
    Posted by newnametoday | January 3, 2011 at 7:51 PM

    Handbridge does know how to box things in and make guys happy

  16. 16
    Posted by McLane Cover | January 4, 2011 at 10:04 PM

    So is this net or gross return??

  17. 17
    Posted by Lee John14 | January 4, 2011 at 10:32 PM

    hey tarder,
    I’m new to trading and finance. What do you mean with 140/75?

  18. 18
    Posted by Lee John14 | January 4, 2011 at 10:32 PM

    hey tarder,
    I’m new to trading and finance. What do you mean with 140/75?

  19. 19
    Posted by FECALMATTER | January 6, 2011 at 2:05 AM

    net bitch

  20. 20
    Posted by Alix | January 13, 2011 at 12:42 AM

    now if they could just keep that euro-trash effeminate analyst (-inski?) on a tight leash with his mouth shut maybe they won’t get busted for insider trading

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