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Stephen Taub
Premium
Third Point Surges on Bets Made After Market Bottom
The hedge fund’s biggest winners this year include positions created after 2020’s stock market trough — including two that drove Third Point’s surging gains last month.
Stephen Taub September 3, 2020
 Alibaba was one of Third Point's biggest winners in August. (Gilles Sabrie/Bloomberg)

Alibaba was one of Third Point's biggest winners in August.

(Gilles Sabrie/Bloomberg)

Dan Loeb’s Third Point Offshore Fund is back in the black after strong results in August.The multistrategy fund surged 8.4 percent last month and is now up a solid 4.4 percent for the year, according to its latest monthly performance report. August’s gains were mostly

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