Business
Monthly Update: November 2023 NAV Performance
Monthly Update: November 2023 NAV Performance.
About this update from Malibu Life Holdings Limited
[{"type":"text","content":"\n\n \n \n\n\n\n\n6 December 2023Third Point Investors Limited Monthly Update: November 2023 NAV Performance November 2023 Performance Highlights\tThird Point Investors Limited returned 5.0% on a NAV basis in November 2023, compared with a 9.4% return for the MSCI World Index and a 9.1% return for the S&P 500 Index. \tDuring the month the Company’s share price returned 2.8%, reflecting a widening in the discount to NAV from 19.8% to 21.5%.\tThe top contributors for the month included infrastructure software company Microsoft Corp, diversified life sciences and diagnostics company Danaher Corp., and financials company UBS Group AG. \tThe top detractors for the month included ABS Interest Rate Hedges and two short positions. 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\t5.0%\t\t\t\t\t\t\t\t\t2.9%\t\t\t\t\t\t\t\t\t-1.1%\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\t2.8%\t\t\t\t\t\t\t\t\t0.7%\t\t\t\t\t\t\t\t\t-8.2%\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\t9.4%\t\t\t\t\t\t\t\t\t6.3%\t\t\t\t\t\t\t\t\t18.6%\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\t9.1%\t\t\t\t\t\t\t\t\t6.8%\t\t\t\t\t\t\t\t\t20.8%\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(21.5%)\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$0.6 B\t\t\t\t\t\t Portfolio Detail4The net weightings of the strategy at period-end were 61.1% in Equity, 41.8% in Credit, 8.2% 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\tNET\t\t\t\t\t\t\...