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Dan Loeb's Third Point Funds Slump in October as Markets Tumble

BNN Bloomberg

(Bloomberg) -- Dan Loeb’s Third Point posted losses in its funds last month, joining an array of firms that struggled in October’s market rout. The Third Point Offshore Fund dropped 6.9 percent last month, bringing its loss this year to 6.3 percent, according to an investor letter seen by Bloomberg News. The firm’s Third Point Partners LP fund also fell by a similar magnitude, bringing its loss for the year to 5.9 percent...

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