Third Point Ekes Out a Small Gain

Dan Loeb’s multistrategy fund greatly lagged the overall stock market last month.

Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb

(David Paul Morris/Bloomberg)

Dan Loeb’s overall bearishness appears to have held him back in January.

According to Third Point’s January monthly report, Loeb’s multistrategy fund, Third Point Offshore, eked out a 0.3 percent gain in the first month of 2023, a month in which the S&P 500 rose 6.3

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