This content is from: Premium

Third Point Downsizes Its Stake in Upstart

Amid a sharp selloff in several of its formerly private positions, the firm appears to have slashed its investment in last year’s top performer.

Third Point has apparently slashed — or fully liquidated — its stake in its largest long position and last year’s biggest contributor to performance.In its January report, which disclosed a 7.6 percent loss for the month in its Third Point Offshore fund, the activist and multistrategy firm did not include

To continue reading, subscribe now to Premium Journalism. Already a subscriber? Login.

Related Content