Third Point Posts Big Gain in April

Equities led the multistrategy fund for the month.

Daniel Loeb (David Paul Morris/Bloomberg)

Daniel Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s hedge fund posted its best monthly gain in nearly 11 years, cutting the multistrategy fund’s loss for the year.

The Third Point Offshore fund earned most of its gains last month from equities. It rose 7 percent last month, narrowing its losses for 2020 to 10.4

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