Third Point Management’s Q2 2024 Investor Letter

Third Point Management, a New York-based investment advisor, released its second-quarter 2024 investor letter. The Third Point Offshore Fund returned 1.8% net in the second quarter compared to a 4.3% return for the S&P 500 INDEX (TR) and a 2.8% return for the MSCI WORLD INDEX (TR). In the first half of 2024, the Offshore Fund made profits across all strategies, achieving a 9.8% net return. Over the previous 12 months, the fund yielded a 17.0% net return. Although technology businesses accounted for a major portion of returns over this period, much of the portfolio is invested in various sectors, such as utilities, industrials, consumer, and healthcare. In addition, please check the fund’s top five holdings to know its best picks in 2024.

A copy of Third Point Management’s Q2 2024 investor letter can be downloaded here.