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A Mediocre Year for Multistrategy Funds

Despite emphasizing wildly different strategies, most are up by just single-digit percentages this year.

It has not been a stellar year for multistrategy funds.Most of the well-known players have posted mostly underwhelming results so far this year, with the exception of Dan Loeb’s Third Point Offshore, which is up 24.9 percent through August.Others have delivered single-digit gains for the year to date, despite posting

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