Third Point, Paulson Among Investors In Ex-BP CEO's Shell Co.

Jun 20 2011 | 2:00am ET

Several high-profile hedge funds helped former BP CEO Tony Hayward's new venture raise 35% more money in its initial public offering than expected.

Lansdowne Partners, Marshall Wace Asset Management, Och-Ziff Capital Management, Paulson & Co. and Third Point are among the investors in Vallares, which will invest in emerging market oil and gas assets. Vallares' co-founders, including hedge fund manager Nathaniel Rothschild, former Goldman Sachs partner Julian Metherell and Tom Daniel, plan to put Hayward, who resigned from BP in the wake of the disastrous Gulf of Mexico oil spill last year, at the helm of an acquired company.

New York-based Third Point is among the largest hedge fund holders of the new company's stock, The Sunday Telegraph reports. All told, there are about 150 investors, about half of which are based in the U.S. Vallares has said most of its investors are term U.S. and U.K. fund long-only fund managers.

Vallares raised US$2.18 billion in the IPO.


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