Third Point Has 2.2% First-Half Gain on Energy, Brexit Bets

  • Loeb firm wagered against corporate debt, switched as oil fell
  • On Brexit, Third Point covered bearish moves to turn bullish

Third Point, the hedge fund run by Daniel Loeb, said investments in the debt of energy companies and wagers following the Brexit vote helped drive a 2.2 percent gain in the first half of the year.

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