Third Point Management, a New York-based investment advisor, released its first-quarter 2024 investor letter. The Third Point Offshore Fund returned 7.8% net in the first quarter compared to a 10.6% return for the S&P 500 INDEX (TR) and a 9.0% return for the MSCI WORLD INDEX (TR). The fund posted solid returns in the first quarter, driven by robust performance from large-cap tech companies and continued gains from Bath & Body Works and Vistra. In addition, please check the fund’s top five holdings to know its best picks in 2024.
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