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Third Point Slips Into the Red

The multistrategy firm took a hit from its biggest equity holdings.

Dan Loeb’s Third Point is officially in losing territory.The multistrategy manager’s Third Point Offshore fund posted a 6.9 percent loss in October. As a result, it is down 6.3 percent for the year, according to the firm’s monthly client report.The fund also continues to reduce its net exposure to equity

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