What’s Driving Third Point’s Gains

SentinelOne and other private investments have propelled the multistrategy firm in the first half of 2021.

Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s Third Point Offshore was slightly profitable in June.

The multistrategy fund eked out a 0.40 percent gain for the month, extending its gain for the quarter to 3.7 percent, according to its monthly client report. This was less than half the return of the S&P 500 index over the same period.

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