Hedge fund Third Point reducing single name short positions

The New York Times 2013 DealBook Conference in New York


The New York Times 2013 DealBook Conference in New York

Larry Busacca/Getty Images Entertainment

Activist hedge fund Third Point is reducing the number of single-name short positions in its portfolio as the short-selling environment is “much more challenging” than it has been historically.

“While we have not abandoned short selling, we continue to reduce our Q2 letter

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