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How Third Point’s Big Bet Paid Off

Inside the multistrategy fund’s credit book, best and worst performers, and current positioning.

Third Point’s big credit bet has paid off so far this year — or at least has kept it out of the red.The multistrategy firm’s Third Point Offshore Fund gained 11.7 percent in the third quarter despite a slight loss in September, according to its September monthly report. As a

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