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The 2017 Hedge Fund Report Card

Several of the top scorers on this year's ranking have earned double-digit gains — but that's not all it takes to crack the upper echelons.

Illustration by Miles Donovan What a difference a year makes — at least for Daniel Loeb's Third Point. Last year Loeb's multistrategy hedge fund firm, best known for its shareholder activism, posted a gain of just 6.1 percent in its Third Point Offshore fund, a result Loeb himself called "disappointing" in

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