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Here’s What Resulted In a Massive Rerating Of Lumen Technologies’ (LUMN) Debt And Equity

Third Point Management, a New York-based investment advisor, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. The Third Point Offshore Fund returned nearly 4% in the third quarter bringing YTD returns to 14%. The performance of global equity markets remained robust, although returns were fueled by a far wider range of the market than in the preceding year and a half. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Third Point Management highlighted stocks like Lumen Technologies, Inc. (NYSE:LUMN) in the...