Third Point Downsizes Its Stake in Upstart

Amid a sharp selloff in several of its formerly private positions, the firm appears to have slashed its investment in last year’s top performer.

Stephen Taub February 7, 2022

Dan Loeb, CEO of Third Point

(David Paul Morris/Bloomberg)

Third Point has apparently slashed — or fully liquidated — its stake in its largest long position and last year’s biggest contributor to performance.In its January report, which disclosed a 7.6 percent loss for the month in its Third Point Offshore fund, the activist and

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