The flagship fund managed by Dan Loeb’s Third Point posted a 1.3 percent gain in November, according to its monthly report to clients.
Even so, the Third Point Offshore fund is still down 5.2 percent for the year through November. Barring a ferocious gain in December, this is shaping up to be a losing year for Loeb, a multistrategy manager best known for his activism, underscoring the difficulty some activists are experiencing this year.
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