Loeb’s Third Point Offshore Hedge Fund Nearly Flat for Year

(Reuters) Daniel Loeb’s main portfolio at hedge fund Third Point is nearly flat for the year, putting the billionaire investor far ahead of some industry rivals who have suffered heavy losses this year.In November, Loeb’s Third Point Offshore fund dipped 0.2 percent, leaving it down 0.2 percent for the year, two people familiar with the private firm’s numbers said on Tuesday. The firm’s Third Point Partners fund, a smaller portfolio, dipped 2.2 percent last month and is now down 1.6 percent for the year.

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