Dan Loeb’s Third Point Reinsurance Ltd (NYSE:TPRE) had a great February with a return of 4.2%, according to documents from the company reviewed by ValueWalk. After a disappointing January, Dan Loeb’s 4.2% February return has put the hedge fund back in positive territory and now up +2.3% through the end of the month.
Third Point has not released information about its holdings; according to the fund’s Q4 letter to investors, The Dow Chemical Company (NYSE:DOW) is now the largest holding. The chemical company is up approximately 10% year to date, with a big rally of 14% in February. However, another large holding, SoftBank Corp (OTCMKTS:SFTBF) (TYO:9984) is down close to 20% for the year, with a big loss of 16% in February. Dan Loeb’s other large Japanese holding, Sony Corporation (ADR) (NYSE:SNE) (TYO:6758), is up about 2% for the year after a return in February of about 3%.
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Seperately, Third Point Reinsurance Ltd (NYSE:TPRE) recently released its 10k for the year ending 2013, we found some interesting excerpts from the filing.
Below is some info about the Greek focused hedge fund:
Third Point Hellenic Recovery US Feeder Fund, L.P.
UPDATED: 3/05/14 at 4:03PM EST to include latest stat sheet from Third Point