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Newly Public Companies Drive Third Point’s January Gains

The multistrategy firm benefitted from private companies in which it had earlier invested.

Dan Loeb’s Third Point Offshore disclosed in its monthly report that it notched a strong gain in January. It can thank several stocks that only recently went public.The multistrategy hedge fund, which gained 1.9 percent last month, said its equity book and credit strategies were solidly profitable for the month.

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