Third Point’s Loeb Says That Credit is ‘Particularly Exciting’

The activist’s credit book has been the unsung hero of the fund for more than a year.

Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s Third Point may be best known for its activism. But for more than a year now, his lower-profile credit book has been the star of the show.

According to firm reports, Third Point Offshore reported a 3.5 percent loss through the first four months of this year.

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