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Third Point Ekes Out a Small Gain

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

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

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