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Equities Giveth, but Credit Taketh Away for Third Point

The multistrategy fund headed by Dan Loeb generated offsetting results in its equity and credit books last month.

Dan Loeb’s Third Point Offshore was essentially flat in August.The multistrategy fund posted a 0.1 percent loss for the month, trimming its gain for the year to 15.4 percent, according to the firm’s monthly tear sheet. This is something of a moral victory, given that most stock indexes were negative

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