Third Point Management, a New York-based investment advisor, released its third-quarter 2026 investor letter. Third Point’s Offshore Fund lost 6.8% in Q3 amid sharp volatility, rising rates and oil prices, and growing uncertainty over how AI infrastructure will be financed and earn returns. The letter can be downloaded here. The fund reduced exposure to semiconductors, data-center-adjacent companies, and hyperscalers, while broadening into selected financial, industrial, aerospace,...
Resilient Demand and Recurring Revenue Drive APi Group’s (APG) Strong Investment Case
