Third Point Surged in November

Dan Loeb’s multistrategy firm is solidly in the black thanks to strong gains from equities.

Daniel Loeb (David Paul Morris/Bloomberg)

Daniel Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s Third Point Offshore gained 9.1 percent in November, putting the multistrategy fund up a solid 12.3 percent for the year, according to the firm’s monthly report.

Third Point’s equity book, which accounted for the bulk of third quarter gains, continued to drive returns.

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