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Third Point Posts Big Gain in April
Equities led the multistrategy fund for the month.
Dan Loeb’s hedge fund posted its best monthly gain in nearly 11 years, cutting the multistrategy fund’s loss for the year.The Third Point Offshore fund earned most of its gains last month from equities. It rose 7 percent last month, narrowing its losses for 2020 to 10.4 percent so far.Stocks
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