Third Point Posts Double-Digit Loss in March

The multistrategy fund has been mostly hurt by its equity long book.

Daniel Loeb (David Paul Morris/Bloomberg)

Daniel Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s Third Point Offshore suffered a double-digit percent loss in March, extending its loss for the year, according to the firm’s March letter.

Even so, Third Point’s loss of 16 percent in the first quarter, following an 11 percent loss last month, was still slightly better than that of the Standard & Poor’s 500 stock index, which fell 19.6

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