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Third Point Extends Strong Gains

The multistrategy fund’s July performance was driven by its long equity book.

Dan Loeb’s Third Point posted a strong gain in July.The firm’s flagship multistrategy fund, Third Point Offshore, gained 2.4 percent for the month, easily beating the Standard & Poor’s 500 stock index, which rose 1.4 percent including dividends reinvested, according to the firm’s July report.The fund, best known for its

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