Loeb's Third Point hedge fund buys Chesapeake shares-source

NEW YORK, July 3 Tue Jul 3, 2012 11:59am EDT

NEW YORK, July 3 (Reuters) - Daniel Loeb's Third Point LLC hedge fund told investors it recently acquired shares of embattled natural gas producer Chesapeake Energy Corp, a source said.

The hedge fund, in a June email alert to investors, listed Chesapeake as its fourth largest long position, according to the source.

Other top long positions for Third Point are Yahoo Inc , gold, and Apple Inc.

Loeb's Ultra Fund was up about 4.5 percent as of the end of June.

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