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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.

  • By Stephen Taub

      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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