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Dan Loeb Down 2.6% In May, YTD Profits Cut By 40%
We warned Dan Loeb about those Portugese bonds.
Dear Prospect,
Please find the following estimate of the net returns of funds managed by Third Point LLC for the month of May and for the year 2012.
May YTD 2012
Third Point Offshore Fund, Ltd. -2.6% +3.7%
Third Point Partners L.P. -2.5% +4.2%
Third Point Partners Qualified L.P. -2.4% +3.4%
Third Point Ultra Ltd. -3.9% +5.7%
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still good so far...
Q&A on the European Debt Redemption Fund
http://www.cnhedge.com/thread-6595-1-1.html
I always assumed he was lying through his teeth and was short to the gills -- I guess I credited him with too [much|little] [brains|scruples].
Good to see a nice, honest loss for once.
Dan's gonna need a Loebotomy
He better toss his YHOO... what a dog... with warts.
Buying those Portugese bonds somehow reminded me of the Pats acquiring Albert Haynesworth.
But soon enough there will be numerous opportunities for picking up some eurozone sovereign and banking roadkill.
Long is Wrong ...
Ha ha...hedge fund ass wipe.