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Loeb’s Third Point Made Money in January Amid Hedge Fund Turmoil

  • Third Point’s flagship fund gained 1.9% in month, update shows
  • Hedge funds hit with losses betting against GameStop, AMC
Dan Loeb
Dan LoebPhotographer: David Paul Morris/Bloomberg

Hedge fund titan Dan Loeb managed to make money in January, despite the tumult caused by amateur traders that imposed bruising losses on several of his industry peers.

Loeb’s Third Point Offshore Offshore Fund gained 1.9% this month, according to an investor update seen by Bloomberg. His Third Point Partners LP fund gained the same amount, the update showed. A spokeswoman for the firm declined to comment.