Business
Monthly Update: February 2024 NAV Performance
Monthly Update: February 2024 NAV Performance.
About this update from Malibu Life Holdings Limited
[{"type":"text","content":"\n\n \n \n\n\n\n\n6 March 2024Third Point Investors Limited Monthly Update: February 2024 NAV Performance February 2024 Performance Highlights\tThird Point Investors Limited returned 4.8% on a NAV basis in February 2024, compared with a 4.3% return for the MSCI World Index and a 5.3% return for the S&P 500 Index. \tDuring the month the Company’s share price returned 9.6%, reflecting a narrowing in the discount to NAV from 23.1% to 19.6%.\tThe top contributors for the month included media and internet company Meta Platforms Inc, e-commerce company Amazon, and energy company Vistra Corp. \tThe top detractors for the month included a short position, financials company UBS Group AG, and industrials and materials company Wesco International Inc.Full portfolio detail is available at https://www.thirdpointlimited.com/resources/portfolio-updatesNet Performance\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\tMTD\t\t\t\t\t\t\t\t\tQTD\t\t\t\t\t\t\t\t\tYTD\t\t\t\t\t\t\t\t\t\t\t\t\tThird Point Investors Ltd. (NAV)1\t\t\t\t\t\t\t\t\t4.8%\t\t\t\t\t\t\t\t\t5.0%\t\t\t\t\t\t\t\t\t5.0%\t\t\t\t\t\t\t\t\t\t\t\t\tThird Point Investors Ltd. (Price)2\t\t\t\t\t\t\t\t\t9.6%\t\t\t\t\t\t\t\t\t10.0%\t\t\t\t\t\t\t\t\t10.0%\t\t\t\t\t\t\t\t\t\t\t\t\tMSCI World Index (Total Return)\t\t\t\t\t\t\t\t\t4.3%\t\t\t\t\t\t\t\t\t5.6%\t\t\t\t\t\t\t\t\t5.6%\t\t\t\t\t\t\t\t\t\t\t\t\tS&P 500 (Total Return)\t\t\t\t\t\t\t\t\t5.3%\t\t\t\t\t\t\t\t\t7.1%\t\t\t\t\t\t\t\t\t7.1%\t\t\t\t\t\t Key Statistics and AUM Summary\t\t\t\t\t\t\t\t\tPremium/(Discount) to NAV\t\t\t\t\t\t\t\t\t(19.6%)\t\t\t\t\t\t\t\t\t\t\t\t\tThird Point Investors Ltd. Net AUM3\t\t\t\t\t\t\t\t\t$0.7 B\t\t\t\t\t\t Portfolio Detail4The net weightings of the strategy at period-end were 80.7% in Equity, 39.2% in Credit, 7.2% in Privates and 0.0% in Other. A breakdown of positions, including major contributors and detractors, is provided below. For further detail please visit: https://www.thirdpointlimited.com/resources/portfolio-updates. \t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\tEXPOSURE\t\t\t\t\t\t\t\t\tGROSS MTD P&L5\t\t\t\t\t\t\t\t\tNET MTD P&L6\t\t\t\t\t\t\t\t\tGROSS YTD P&L5\t\t\t\t\t\t\t\t\tNET YTD P&L6\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\tLONG\t\t\t\t\t\t\t\t\tSHORT\t\t\t\t\t\t\t\t\tNET\t\t\t\t\t\t\t\t\tLONG\t\t\t\t\t\t\t\t\tSHORT\t\t\t\t\t\t\t\t\tN...