Why Dan Loeb Had a Bang-up August

Third Point racked up an 8.9 percent gain betting on growth companies including Upstart Holdings and SentinelOne.

Dan Loeb, CEO of Third Point. (David Paul Morris/Bloomberg)

Dan Loeb, CEO of Third Point.

(David Paul Morris/Bloomberg)

Dan Loeb’s Third Point is having one of its most stellar years ever.

Third Point Offshore jumped 8.9 percent in August, its best month of the year — and the third best month in the fund’s more than 24-year history, according to a recent update to investors.

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