Third Point Up 1.2 % In October, 19 Percent In 2013

Yesterday we posted Third Point’s returns for October and YTD, which came in at 1.2% and 19.4% respectively. October could be a rounding error but the difference between what we posted and the 19.4% both come directly from Third Point RE, we will reach out for comment, but either way the difference is not great. What is interesting is how Loeb gained (slightly) from his shorts, in contrast to many other value funds. Below is the October summary and positioning sheet.