Daniel Loeb’s Third Point Capital on Thursday will announce plans to list a €500m-€700m hedge fund in London in the first move by a US hedge fund to raise money from European equity investors. The move by the $6.7bn Third Point demonstrates confidence in demand for listed hedge funds following the disappointing €770m float of the first London main market hedge fund in March by Brevan Howard, the London manager. The listing – of Third Point Offshore Investors, a Guernsey-based company that will invest exclusively in Third Point’s main hedge fund – also brings one of New York’s most aggressive activists to London. Mr Loeb, known for berating executives, told the FT that in Europe he holds DaimlerChrysler, Philips and Infineon, had met their chief executives and had no plans to take an activist stance against them.

This entry was posted by Gwen Robinson on Thursday, June 14th, 2007 at 5:46 and is filed under Capital markets, Hedge funds, People. Tagged with daniel loeb, third point. Edit this entry.