(Reuters) Billionaire investor Daniel Loeb told clients that his funds have wiped away all of the year’s earlier losses and are now in positive territory again after he overhauled the portfolio a few months ago, studding it with fast-growing technology companies. The Third Point Offshore Fund is now up 4.4% for the year after gaining 8.4% in August and the Third Point Ultra Ltd fund is up 3.6% after a gain of 10.6% last month
Loeb’s Third Point funds erase all losses, now up for the year
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