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Third Point Posts Strong November Gain

The hedge fund led by Dan Loeb sharply boosted its net long position in equities.

Dan Loeb’s Third Point Offshore Fund rebounded sharply in November, revealing an unusual level of detail about its performance.The multistrategy hedge fund posted a strong 3 percent gain for the month, boosting this year’s net return to 14.6 percent, according to its latest monthly report. Still, Third Point greatly lags

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