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Loeb’s Third Point Posts Gains in October

The multistrategy hedge fund is up 13.8 percent this year, thanks to timely bets on Greek debt, among other positions.

      Third Point's Daniel Loeb; Photo credit: (Bloomberg) Dan Loeb’s Third Point Offshore fund gained 2.6 percent in October, bringing its full-year profits to 13.8 percent, thanks to winning positions including investments in Greek government bonds and European credit situations, according to the fund’s October letter to investors. Loeb is widely known as an

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