Wednesday, April 10, 2013
Third Point Capital's Q1 2013 Letter to Investors
Daniel Loeb and his Third Point Capital are out with their Q1 2013 letter to investors. In the quarter they returned 9% versus the S&P 500's 10.6%. In the letter they discuss their short position in the Japanese Yen, their position in International Paper (IP), and their position in Liberty Global(LBTYA). As usual the letter is well worth reading. Enjoy.