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Jana, Third Point Lose Money in October
The two firms, which often employ activist techniques, both recorded negative numbers in what was a wildly volatile trading month.
Daniel Loeb, Third Point (Bloomberg)A pair of high profile sometime-activist hedge fund firms lost money in October, a month that started off looking like the beginning of a bear market but abruptly reversed mid-month into a sharp rally. Barry Rosenstein’s Jana Partners lost 2.1 percent for the month. As a
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