Third Point 2014 Q3 Investor Letter

Third Point's 2014 Q3 investor letter is out. You can download it below. Dan Loeb indicated in the investor letter that the long/short equity fund cut its positions in AIG, Hertz, Softbank, LNG, LNG AU, and Sony. Especially Hertz exit has been very beneficial for Third Point investors. Third Point Offshore Fund returned 0.1% during the third quarter and 6% year-to-date.