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Third Point Posts Small Monthly Loss

The multistrategy fund continues to sharply cut back on its exposure to equities.

Dan Loeb’s largest hedge fund posted a small loss in April.Third Point Offshore fund declined 1.2 percent last month, extending its loss for the year to 12.8 percent, according to Third Point’s monthly client report.This is in line with the S&P 500’s 12.9 percent decline, including dividends reinvested.Meanwhile, the equity-driven

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