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Dan Loeb’s Third Point Down in July

The former high flyer is now up less than 1 percent for the year, according to its most recent performance update.

Dan Loeb’s Third Point is having a tough year. Its main hedge funds lost 0.3 percent during July, bringing its year-to-date gain below 1 percent. Third Point Offshore has gained 0.5 percent for the year, while Third Point Partners, the onshore version, is up 0.7 percent, according to an investor

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