Third Point Chips Away at Losses in October

The multistrategy fund headed by Dan Loeb still remains deeply in the red.

Dan Loeb (Jeenah Moon/Bloomberg)

Dan Loeb

(Jeenah Moon/Bloomberg)

Dan Loeb’s Third Point funds posted small gains last month. Even so, the firm is now underperforming the major market indices, which posted stronger gains than the multistrategy funds in October.

The $5.7 billion Third Point Offshore fund was up 2.2 percent last month but is still down 21.3

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