Third Point Posts Double-Digit Loss

Dan Loeb’s multistrategy fund is off to a rough start in 2022.

(Amanda Gordon/Bloomberg)

(Amanda Gordon/Bloomberg)

Dan Loeb’s Third Point posted a double-digit loss in the first quarter.

Third Point Offshore, its largest fund, lost 1.3 percent in March, extending its decline for the three-month period to 11.5 percent, according to the firm’s monthly report.

The multistrategy firm’s equity book accounted for virtually all the losses for the quarter.

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