How Third Point Fared After Increasing Bets on Stocks

The multistrategy hedge fund headed by Dan Loeb doubled its net long exposure in November.


Illustration by II

Third Point turned much more bullish in November, sharply reversing course from the previous month.

The multistrategy fund headed by Dan Loeb nearly doubled its equity book’s net long position, to about 61 percent, mostly by more than halving the exposure in its short book, according to the hedge fund firm’s November monthly report.

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