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Third Point’s January Gain Lags Market

The multistrategy fund’s largest activist positions led the firm's performance last month.

Daniel Loeb, chief executive officer of Third Daniel Loeb, chief executive officer of Third Point (David Paul Morris/Bloomberg)
Daniel Loeb, chief executive officer of Third Daniel Loeb, chief executive officer of Third Point (David Paul Morris/Bloomberg)

Dan Loeb’s Third Point started the year on a positive note, posting a respectable gain in January.Third Point Offshore gained 2.9 percent for the month after losing 11.1 percent last year, according to the hedge fund firm’s January report to clients. While this ordinarily would be considered a strong showing,

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