Overview
Third Point Offshore Investors Limited has announced its full year results for the twelve months ended 31 December 2016. The net asset value appreciated 6.1% for the U.S. Dollar and 5.6% for the Sterling share classes, respectively, in 2016. They say that performance was driven primarily by positive returns in the Master Fund’s corporate and sovereign credit positions. Gains were counterbalanced by losses in several large equity positions in the healthcare sector.
On 10 January 2017, an annual distribution was declared equivalent to 4% of the NAV of the Company in respect of the year to 31 December 2016, amounting to $0.71 per USD share and GBP0.62 per GBP share.
TPOU / TPOG : Third Point Offshore returns 6% for 2016