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Third Point Q3 2025 Investor Letter (TPNTF)

lerbank/iStock via Getty Images Dear Investor: During the Third Quarter, Third Point returned 3.2% net in the flagship Offshore Fund. Q31 RETURN2 ANNUALIZED NET TP OFFSHORE FUND, LTD. 3.2% 13.2% CS HF EVENT-DRIVEN INDEX 3.1% 6.9% S&P 500 INDEX (TR) 8.1% 9.8% MSCI WORLD INDEX (TR) 7.4% 8.3% 1 Through September 30, 2025.2 Annualized Return from inception (December 1996 for TP Offshore and quoted indices). PLEASE SEE THE NEW SERIES RETURNS AT THE END OF THIS DOCUMENT. The top five winne ...