Third Point is the latest hedge fund to suffer a setback in July.The equity-heavy multistrategy fund lost 6 percent last month, putting its year-to-date gain at 80 basis points, according to its July monthly tear sheet.“Beginning in late June, markets started experiencing a broad unwind in crowded positioning across the AI infrastructure ecosystem, spanning memory, semiconductors, hyperscalers, and the broader supply chain,” Third Point founder Dan Loeb told clients in his second-quarter letter,...
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