Third Point LLC: Manager Rating and Record

Insurance-dedicated funds managed by Third Point

Funds and platform series in our database that file a Form D under an insurance-dedicated name and are managed by this adviser. Gross assets are as reported in the latest Form ADV that lists each fund.

Why Third Point LLC has four stars

Third Point runs USD 29 billion of regulatory assets and has been registered with the SEC since 2006. It reports two matters in its Form ADV, the most recent brought by a private plaintiff in 2019. Its one rated insurance-dedicated fund has five stars.

The rating looks only at the areas below, which matter to a family holding this manager's funds through a private placement policy. Past returns play no part: these funds do not report them in their SEC filings, and they say little about what a policy will earn.

Conduct and regulatory record

What regulators and courts have recorded against the manager, and for platform series against the platform, as the advisers report it to the SEC. Several proceedings on one set of facts count as one matter. Recent and serious matters count most, matters of other companies in the group count for less, matters of individuals are weighed by the person's role and their bearing on the business, and the size of the firm is taken into account.

Reported controls

What the adviser reports to the SEC for the fund: whether the accounts are audited every year by an accountant registered with the PCAOB and subject to its regular inspection, whether audited statements go to investors and what the audit opinion says, whether the administrator and custodian are outside the adviser's group, and what share of the assets was valued last year by a person not related to the adviser.

Depth and experience of the manager

The assets the manager runs, its investment staff and how long it has been registered with the SEC.

PPLI.comManager Rating

Investor experience. What policyholders, insurers and advisers tell us is shown separately and never changes the stars. A factual point they raise is checked against the filings, and if it holds, the data is corrected. We never publish names. Tell us about yours

The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the fund or its manager, not a credit rating, not a forecast of returns and not investment advice. Read about the rating.

Registration and size

Identity

Legal nameThird Point LLC

SEC registrationRegistered investment adviser, 801-65088 IAPD

CRD number137927

Latest Form ADV1 May 2026 ADV

Registered with the SEC since12 January 2006

Assets and staff, as filed

Regulatory assets under managementUSD 28,732,000,000

Of which discretionaryUSD 28,225,000,000

Employees143

Of which investment advisory staff68

Private funds listed in Schedule D34

Regulatory assets are calculated under the SEC's Form ADV instructions and include all funds and accounts the adviser manages, not only those open to insurers. Figures come from the SEC's adviser files of November 2026.

Regulatory and legal record

What the adviser itself discloses in Item 11 of its Form ADV, summarised from the disclosure pages, with a link to the filing. Item 11 is filed for the adviser as a whole, so under each matter the fund it concerns is read from the disclosure itself.

201928 August 2019

Civil action by United States of America: civil penalty

Fund concerned: three Third Point hedge funds. None of the insurance-dedicated funds in this file is named.

Three Funds controlled by third point acquired the voting Securities of DOW Inc. prior to its merger with E.I. du Pont de Nemours & Company. In connection with the acquisition of the DOW shares, the three Funds made the required hsr filings. Once the merger was finalized on August 31, 2017, the DOW shares converted to shares of the newly formed DowDuPont Inc. according to the ftc's position, as a result of that conversion, the third point Funds were required to make another hsr filing for the shares of the newly formed Company. The three third point Funds made corrective filings with the Federal antitrust authorities on nov. 8, 2017, and the waiting period for those corrective filings ...

United States of America · Judgment Rendered 10 December 2019 · USD 609,810 · Concerns the adviser itself · Form ADV, Item 11 disclosure

201516 January 2015

Regulatory action by Hellenic Capital Market Commission: civil penalty

Fund concerned: none named in the filing. The matter concerns the adviser itself, not a specific fund, and none of the insurance-dedicated funds in this file is named.

Following an audit performed by the Hellenic Capital Markets Commission ("HCMC") on certain transactions in certain shares of a publicly-listed equity on the Athens Exchange (the "shares") during the period May 2, 2014, through May 9, 2014, the HCMC issued a decision against tp lux HoldCo SARL (an affiliate of third point LLC) ("lux HoldCo"), imposing a fine on lux HoldCo on the basis that it sold shares in breach of Article 12 (1.b) of EU Regulation 236/2012 on short selling and of recital 8 and Article 5 (1.e) of EU Regulation 827/2012 (the "regulations") because, at the time that lux HoldCo sold such shares, the Board of directors of the Athens Exchange had not yet ruled on the approval ...

Hellenic Capital Market Commission · Order 19 November 2018 · USD 99,181 · Concerns the adviser itself · Form ADV, Item 11 disclosure

These are the matters Third Point LLC reports in Item 11 of its Form ADV, filed 1 May 2026. A reported matter is a fact disclosed by the adviser, not a finding by PPLI.com. None of them concerns the insurance-dedicated funds listed above.

How would you rate Third Point LLC?

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Third Point LLC