Third Point Posts Big February Loss

Most of its flagship fund’s losses were driven by equity long holdings.

Daniel Loeb (David Paul Morris/Bloomberg)

Daniel Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s flagship Third Point fund posted a big loss in February, pushing the multistrategy hedge fund into negative territory for the year, according to the hedge fund firm’s monthly statistical report to clients.

Most of the Third Point Offshore fund’s February losses were attributed to the equity long book, which lost 8.7

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