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Another Setback for Dan Loeb’s Third Point
October gains in the credit book were not enough to offset losses from equities.
Third Point Offshore had another setback in October.The multistrategy hedge fund headed by Dan Loeb dropped 0.8 percent for the month, cutting its gain for the year to 3 percent. Major stock indices lost substantially more in October. Once again, a bet on credit partly saved the fund, which has about
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