Hedge Fund Returns: Pershing Square, SAC Capital, Third Point

Pershing Square’s flagship fund returned 3.1% in February, bringing its return to 0.5% through February (FinAlternatives). FinAlternatives also reports that Steve Cohen’s SAC Capital returned 1.75% in January, followed by a 1.15% in February. SAC returned 15.9% in 2010.

Och-Ziff Capital Management reported that OZ Master Fund returned 1.1% in February and 1.6% in January.

Dan Loeb is still outperforming fellow hedgies in 2011. Third Point’s flagship fund returned 3.7% in February, and 8.1% for the first two months of the year.