Third Point’s Late-Year Setback

Why Dan Loeb’s hedge fund gave back some of its strong gains in the final months of the year.

Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s Third Point posted its second straight monthly loss.

As a result, the multistrategy and event-driven firm, which had been outperforming the major market indices for most of the year, wound up lagging the S&P 500 in 2021.

The $8.2 billion Third Point Offshore fund lost 2.2

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