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.
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
To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.