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Third Point’s Late-Year Setback

Why Dan Loeb’s hedge fund gave back some of its strong gains in the final months of the year.

Dan Loeb’s Third Point posted its second straight monthly loss.As a result, the multistrategy and event-driven firm, which had been outperforming the major market indices for most of the year, wound up lagging the S&P 500 in 2021.The $8.2 billion Third Point Offshore fund lost 2.2 percent in December and

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