Third Point Extends Gains, Raises $2 Billion This Year

The multistrategy firm has also pared back its net exposure in its equity and credit books.

Dan Loeb, Third Point (photo credit: David Paul Morris/Bloomberg)

Investors are bullish on Dan Loeb’s Third Point — and why not? The firm’s multistrategy hedge fund is among the better performers this year, apart from the long-short funds turbo-charged by internet stocks.

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