What's been happening at Third Point lately? Glad you asked! The hedge fund just released its Q3 letter to investors and it's got lots of exciting news to share. In addition to being up 6.8 percent for the quarter, the firm found inspiration in the lyrics of Tupac Shakur, whose face will henceforth float alongside a new unofficial slogan adopted by TP on desktop screensavers, a giant banner displayed in the lobby, and company letterhead.
Tupac wasn't the only 90s musical act Third Point looked to for guidance during the idea generation process these last three months.
Finally, this happened:
Third Quarter 2012 Investor Letter [Third Point]