Third Point Investors Ltd - feeder fund that invests in the Third Point Offshore Fund - Reports a ‘difficult period for performance’ in the first half of 2023. Its net asset value total return during the six months to June 30, at negative 3.8%, underperforms both the MSCI World Index and S&P 500 Index which return 15% and 17%. Net asset value per share declines 3.8% to $23.54 from $24.46 at end of December.
Chair Rupert Dorey says: ‘While it has been a difficult period for performance, the investment manager believes that it has now positioned the portfolio to capitalise on a more positive macroeconomic view, which has been relatively consistent since the autumn of 2022.’
Current stock price: $19.60
12-month change: down 9.3%
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