Third Point
Offshore Investors Limited (the" Company")
(a closed-ended investment company incorporated with limited
liability under the laws of Guernsey with registered number
47181)
LEI: 549300WXTCG65AQ7V644
Third Point September 2017 Performance 10/3/2017
Monthly Performance
|
September |
YTD |
Third Point Offshore Fund, Ltd. |
1.1% |
14.5% |
S&P 500 |
2.1% |
14.2% |
Historical Performance1
|
Third Point
Offshore Fund Ltd. |
S&P 500 |
Annualized Return |
15.8% |
7.9% |
Exposure and
Performance2
|
Exposure |
P&L |
|
Long |
Short |
Net |
Long |
Short |
Net |
Total
L/S Equity |
88.8% |
-20.0% |
68.8% |
1.0% |
-0.6% |
0.4% |
Total
Credit |
14.8% |
-4.7% |
10.1% |
0.3% |
0.0% |
0.3% |
Total
Other3 |
12.5% |
-6.3% |
6.2% |
0.3% |
0.1% |
0.4% |
Geographic Exposure – Long/Short Equity Only
Long Exposure
Americas: 84%
EMEA: 26%
Asia: 6%
Short Exposure
Americas: -27%
EMEA: -4%
Asia: 0%
Net Exposure
Americas: 57%
EMEA: 22%
Asia: 6%
Market Capitalization4
<$5B: 7%
$5-10B: 5%
>10B: 88%
Position Concentration
Top 10 Top 20
Long 55% 71%
Short 12% 17%
1 All performance since inception, December 1996 (net of fees).
2 Relates to the Third Point Offshore Master Fund L.P.
3 Rates and FX excluded from the Exposure columns but included in
the P&L columns.
4 Market
capitalization reflects only those holdings that are
exchange-listed equity or any synthetic equity with an underlying
reference instrument market capitalization.
Explanatory Note
Third Point Offshore Investors Limited is a feeder fund listed
on the London Stock Exchange that invests substantially all of its
assets in Third Point Offshore Fund, Ltd (“Third Point
Offshore”). Third Point Offshore is managed by Third Point
LLC (“Third Point” or “Investment Manager”), an SEC-registered
investment adviser headquartered in New York.
All performance results are based on the NAV of fee paying
investors only and are presented net of management fees, brokerage
commissions, administrative expenses, and accrued performance
allocation, if any, and include the reinvestment of all dividends,
interest, and capital gains. While performance allocations
are accrued monthly, they are deducted from investor balances only
annually or upon withdrawal. The performance results
represent fund-level returns, and are not an estimate of any
specific investor’s actual performance, which may be materially
different from such performance depending on numerous
factors. All performance results are estimates and should not
be regarded as final until audited financial statements are
issued.
While the performances of the Fund have been compared here with
the performance of a well-known and widely recognized index, the
index has not been selected to represent an appropriate benchmark
for the Fund whose holdings, performance and volatility may differ
significantly from the securities that comprise the index.
Investors cannot invest directly in an index (although one can
invest in an index fund designed to closely track such index).
Past performance is not necessarily indicative of future
results. All information provided herein is for informational
purposes only and should not be deemed as a recommendation to buy
or sell securities. All investments involve risk including
the loss of principal. This transmission is confidential and
may not be redistributed without the express written consent of
Third Point LLC and does not constitute an offer to sell or the
solicitation of an offer to purchase any security or investment
product. Any such offer or solicitation may only be made by
means of delivery of an approved confidential offering
memorandum.
Information provided herein, or otherwise provided with respect
to a potential investment in the Funds, may constitute non-public
information regarding Third Point Offshore Investors Limited, a
feeder fund listed on the London Stock Exchange, and accordingly
dealing or trading in the shares of that fund on the basis of such
information may violate securities laws in the United Kingdom and elsewhere.
Website:
www.thirdpointpublic.com
Enquiries:
Company Secretary – Northern Trust International Fund
Administration Services (Guernsey) Limited
Tel:
+44 (0) 1481
745918
Email:
FK26@ntrs.com