Third Point Posts Strong November Gain

The hedge fund led by Dan Loeb sharply boosted its net long position in equities.

Daniel Loeb (David Paul Morris/Bloomberg)

Daniel Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s Third Point Offshore Fund rebounded sharply in November, revealing an unusual level of detail about its performance.

The multistrategy hedge fund posted a strong 3 percent gain for the month, boosting this year’s net return to 14.6 percent, according to its latest monthly report.

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