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Third Point Staged a Big Turnaround in 2020
The multistrategy firm posted its best performance since 2013 thanks to huge gains in the equity book in the final two months of the year.
Dan Loeb’s Third Point Offshore capped a strong fourth quarter with a 7.2 percent gain in December. As a result, the multistrategy fund finished the year with a double-digit gain, a stark turnaround from the fund’s punishing first quarter. Third Point Offshore gained 20.6 percent in 2020, beating the Standard &
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