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Daniel Loeb’s Third Point Posts Strong February Gain

The New York hedge fund firm got a boost from positions in Sotheby’s and Dow Chemical.

       Third Point founder Daniel Loeb. Photo: Bloomberg News Daniel Loeb’s Third Point moved into the black in February after posting a 4.3 percent gain for the month. As a result, the hedge fund, managed by the New York–based firm of the same name, is up 2.3 percent for the year. Its February

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