Loeb’s Third Point flagship fund gains 6 percent in first half

Reuters – Billionaire investor Daniel Loeb’s main hedge fund returned 6 percent during the first six months of 2014, beating many rival managers’ largely lackluster returns but trailing his own performance from last year.

Loeb’s $14 billion firm Third Point told investors that its Third Point Offshore Fund gained 1.9 percent in June, leaving it up 6 percent for the first half of the year.

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