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Dan Loeb's Third Point Cuts Its Net Exposure

The multistrategy firm is boosting its short bets and risk arbitrage plays, among other changes to its portfolio.

      Dan Loeb, Third Point (David Paul Morris/Bloomberg)Third Point founder Dan Loeb has made a number of significant changes to his portfolio. In response to a surge in volatility in the first quarter, the multistrategy manager best known for his high-profile activist campaigns cut his net exposure by more than 20 percent,

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