Investor Summary

Daniel S. Loeb founded Third Point LLC in 1995 with $3.3 million from family and friends, building it into a prominent activist hedge fund managing approximately $19-26 billion. Loeb graduated from Columbia University with economics degree in 1983, endowed the Daniel S. Loeb Scholarship there, and received the John Jay Award for distinguished professional achievement. In October 2020, he was awarded the Alexander Hamilton Award for philanthropic service by the Manhattan Institute. Loeb has extensive public company board experience serving on Ligand Pharmaceuticals, POGO Producing Co., Massey Energy, Yahoo!, and Sotheby's boards. The firm comprises 158 total employees including a 65-person investment team, with key leadership including Jonathan Berger as Co-Head of Credit, Ian Wallace as Partner and Co-Head of Credit, Rob Schwartz as Managing Partner of Third Point Ventures, and Chris Taylor as Head of Private Credit.

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Fund Strategy

Third Point employs a multi-asset, opportunistic, event-driven approach focused on equities, corporate credit, structured credit, private credit, CLOs, and venture capital. Since 1995, Third Point has actively managed exposures by assessing risk-reward across market cycles and employing multiple engagement methods to catalyze desired outcomes. The firm focuses on activism with a multi-decade track record of advocating for operational or portfolio change to drive long-term shareholder value, particularly with troubled companies requiring management changes or operational improvements. The event-driven strategy identifies catalysts in mergers and acquisitions, restructurings, and other special situations while the credit strategies collaborate across teams to optimize opportunities. The venture capital arm partners early with companies through board seats and strategic advising to drive growth and prepare for capital markets access.

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FUND PERFORMANCE AS OF 30th June 2023

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
12.9% 1.1% -3.0%