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Third Point’s Turnaround Plan

Here’s how Dan Loeb hopes to erase his double-digit 2022 loss.

Third Point Offshore suffered another 1.3 percent loss in May, a month in which the S&P 500 eked out a 0.2 percent gain.As a result, the equity-driven multistrategy fund headed by Dan Loeb is now down 14.2 percent for the year, compared with a 12.8 percent decline for the benchmark.

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