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Dan Loeb Down 2.6% In May, YTD Profits Cut By 40%

Tyler Durden's picture




 

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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Fri, 06/01/2012 - 07:53 | 2483045 cnhedge2
cnhedge2's picture

still good so far...
Q&A on the European Debt Redemption Fund
http://www.cnhedge.com/thread-6595-1-1.html

Fri, 06/01/2012 - 08:37 | 2483240 idea_hamster
idea_hamster's picture

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.

Fri, 06/01/2012 - 07:54 | 2483049 ArrestBobRubin
ArrestBobRubin's picture

Dan's gonna need a Loebotomy

Fri, 06/01/2012 - 07:55 | 2483053 AccreditedEYE
AccreditedEYE's picture

He better toss his YHOO... what a dog... with warts.

Fri, 06/01/2012 - 08:15 | 2483107 timbo_em
timbo_em's picture

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.

Fri, 06/01/2012 - 08:35 | 2483220 veyron
veyron's picture

Long is Wrong ...

Fri, 06/01/2012 - 09:13 | 2483496 LongSoupLine
LongSoupLine's picture

Ha ha...hedge fund ass wipe.

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