‘Governance horror-show’: AVI hits out at takeover plan from Dan Loeb-backed Third Point Markets A major shareholder of a London-listed business backed by New York hedge fund manager Dan Loeb has hit out at its planned takeover of a US insurer. AVI, which controls a 7.1 per cent share of Third Point Investors, described its takeover proposal as a “governance horror-show”. “Third Point Investors has for some time been [...]
Third Point changes strategy on activist investors in bid to fix discount Hedge Fund Hedge fund Third Point has appointed a duo of activist investors to its board in a bid to close the trust's wide gap between its net asset value and share price, despite previously strongly opposing them.