Third Point Adds Gains, Cranks Up Exposure

The equity and credit fund is still below its high-water mark.

Illustration by II

Illustration by II

Dan Loeb’s Third Point Offshore, managed by his hedge fund firm Third Point, extended its gain for the year in March, posting a 2.9 percent profit for the month. As a result, it returned 8.8 percent for the quarter.

Still, this performance falls far short of the Standard & Poor’s 500 stock index, which surged 13.6

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