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Third Point Posts Gains — But It’s Still Down for the Year

The multistrategy firm reaped gains from equities last month, substantially trimming its loss this year.

Dan Loeb’s Third Point Offshore posted a solid gain in July, cutting its loss for the year in half.The multistrategy fund gained 3.8 percent gain last month. As a result, it is now down 3.7 percent for the year, according to the fund’s monthly report.The Standard & Poor’s 500 stock

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