Third Point is the latest hedge fund to suffer a setback in July.The equity-heavy multistrategy fund lost 6 percent last month, putting its year-to-date gain at 80 basis points, according to its July monthly tear sheet.“Beginning in late June, markets started experiencing a broad unwind in crowded positioning across the AI infrastructure ecosystem, spanning memory, semiconductors, hyperscalers, and the broader supply chain,” Third Point founder Dan Loeb told clients in his second-quarter letter,...
Continue Reading
Sign up for FREE to read the full article and access 171K+ alternative investment headlines.
Alternative Investment News