Third Point Posts July Gain

But the hedge fund headed by Dan Loeb remains in the red for the year.

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Dan Loeb (David Paul Morris/Bloomberg)

Dan Loeb’s Third Point posted a solid gain in July, but it still fell slightly short of profitability for the year.

Third Point Offshore rose 2.2 percent for the month, reducing its loss for the year to a mere 90 basis points, or 0.90

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