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Daniel Loeb’s Third Point Finishes 2013 Up 25 Percent

The New York-based manager got a boost from big positions in Yahoo, Sotheby’s and Japan, among others.

       Third Point founder Daniel Loeb. Photo: (Bloomberg News) Daniel Loeb’s Third Point Offshore Fund surged 2.3 percent in December, finishing the year up 25.2 percent. As a result, the fund, run by Loeb’s New York–based firm of the same name, lagged most of the market indexes. That includes the S&P 500, which

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