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Third Point Continues Its So-So Streak

The multistrategy fund headed by Dan Loeb reduced its exposure in August.

Another month, another mediocre performance for Dan Loeb’s Third Point in what has turned into a rough year for the multistrategy manager.The sometime-activist hedge fund firm eked out a 0.1 percent gain in August in its Third Point Offshore Fund, which is now up just 0.6 percent for the year,

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