Loeb's Third Point Offshore fund rises 8% in Q1 - source-February 2024-www.financetom.com

Loeb's Third Point Offshore fund rises 8% in Q1 - source

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Loeb's Third Point Offshore fund rises 8% in Q1 - source

Apr 1, 2024 7:52 AM

NEW YORK, April 1 (Reuters) - Hedge fund manager Daniel

Loeb's firm Third Point ended the first quarter with its main

fund Offshore up 8%, while the Ultra fund rose 8.7%, a source

familiar with the matter said.

The funds' performances were mainly driven by equities, the

source added, but credit and venture capital strategies also

boosted results.

(Reporting by Carolina Mandl, in New York)

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