Loeb's Third Point Offshore fund up 9.1% in November, up 12.3% YTD

Loeb's Third Point Offshore fund up 9.1% in November, up 12.3% YTD

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BOSTON (Reuters) – Daniel Loeb's Third Point (NYSE:TPRE) LLC funds posted strong gains in November to extend year-to-date returns into the double digits after the billionaire investor overhauled his portfolio and the firm a few months ago.

The Third Point Offshore Fund gained 9.1% in November and is now up 12.3% while the Third Point Ultra fund gained 12.1% last month and is now up 14.2%, according to a performance update seen by an investor.

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