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Loeb’s Third Point Hedge Funds Slump as Much as 10% in January

  • Third Point Offshore fund lost 7.6%, Ultra dipped 10%
  • It managed about $18 billion of assets as of the end of 2021
Dan Loeb
Dan LoebPhotographer: David Paul Morris/Bloomberg

Dan Loeb’s Third Point is emerging as one of the biggest known hedge fund losers of January as volatile stocks hurt some money managers.

The firm’s largest Third Point Offshore fund lost 7.6%, while the leveraged Third Point Ultra fund slumped 10%, according to an investor letter seen by Bloomberg. The declines erased a portion of the 23% gain in the Offshore fund and a 27% surge in the Ultra fund last year, another document shows.