Third Point sees AI path out of recent underperformance

Third Point returned 1.1% in its flagship fund during Q2, compared with an S&P 500 index return of 8.7% while the MSCI World index returned 7% in the same period. ThomasLloyd Energy Impact board urges shareholders to vote in favour of wind-up Third Point said its top positive contributors included tech names such as Microsoft, Amazon and Alphabet, as well as Ferguson and Pacific Gas & Electric. Meanwhile, Alibaba was the greatest negative contributor, with Danaher, Catalent and International Flavors & Fragrances also performing poorly, along with a private position. The manager ...