(Reuters) Third Point LP returned 9 percent in the first quarter of 2019 fueled largely by gains at Nestle, which was publicly critiqued by the hedge fund in 2018 for its “muddled strategic approach,” an investor said. The Swiss-based food giant, maker of KitKat bars and Perrier water, contributed 1.5 percent in gains to $14 billion Third Point’s portfolio during the first three months of the year, the investor said. Nestle has gained 19.54 percent since January.
Third Point Up 9 Percent in First Quarter, Fueled Largely by Nestle Gains
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