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Dan Loeb’s Third Point Posts Small Gain in May

The multistrategy firm's flagship fund is up slightly for the year thanks to gains last month in its stock portfolio.

  • By Stephen Taub

Third Point founder Dan Loeb’s hedge funds moved more solidly into positive territory last month. But they still lag the overall market’s generally small gains.Third Point Offshore posted a 1.1 percent gain in May, according to its latest monthly report to clients. This is less than half the 2.4 percent

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