Sunday, 28 December 2014
Last updated 5 hours ago
Jun 13 2007 | 1:51pm ET
Legendary activist hedge fund manager and sharp tongue Daniel Loeb is going public. Loeb’s $5 billion New York-based hedge fund, Third Point, is currently closed to new investors, but a soon-to-be-listed vehicle is set to give investors access to the “merchant of venom.”
The firm will launch its Third Point Offshore Investors offering on the London Stock Exchange next month, Citywire reports. The Guernsey-domiciled fund will invest its assets in Loeb’s event-driven fund, which will remain closed for a year followed the new issue.
A prospectus for Third Point Offshore is expected on June 25, with trading commencing on July 18. Loeb’s firm hopes to raise €500 million (US$667 million) in the listing. Fees will be 2% for management 20% for performance, with a high water mark.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.