How Dan Loeb’s Hedge Fund Turned It Around in the Fourth Quarter

Over the past two months, most of the gains in the multistrategy fund were driven by stocks, primarily from the fundamental and event-driven book.

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Illustration by II

Third Point finished 2023 in the black after posting strong gains in each of the final two months of the year.

Dan Loeb’s multistrategy fund, Third Point Overseas, jumped 5.3 percent in December after gaining 5 percent the previous month, finishing up 4.1

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