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Dan Loeb’s Third Point Posted a Big Gain in the Second Quarter. It Wasn’t Enough.

The multistrategy fund posted its third consecutive monthly gain in June but is still down for the year.

Third Point’s Third Point Offshore Fund tacked on another slight gain in June, producing a double-digit gain in the second quarter. But that still wasn’t enough to bring the fund into positive territory this year.Third Point Offshore gained 1.8 percent in June and returned between 10 percent and 11 percent

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