Equities Drive Third Point

The multistrategy fund posted strong gains in September.

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

Dan Loeb, CEO of Third Point

(David Paul Morris/Bloomberg)

You have to hand it to Dan Loeb and the folks who run Third Point Offshore Fund.

Last month the fund posted a 3.6 percent gain, boosting its return for the year to 29.5 percent, according to the firm’s September monthly report.

This is especially impressive given that equities — which represent 70 percent of the multistrategy fund’s net exposure — accounted for most of September’s gains, even though the major stock market averages lost between roughly 4.5

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