Third Point to close to new investments
May 12, 2011
$7.2 billion is enough, says Dan Loeb.
Dan Loeb’s Third Point is closing to all new investments following a rapid rise in assets.
According to a letter sent to partners May 11, the hedge fund firm has reached approximately $7.2 billion in assets, up from $6.7 billion on just April 8. Third Point’s first quarter investor letter in April said the firm was closing to “new relationships,” but this appears to go one step further. (See...
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