Hedge Funds

Third Point adds general counsel


Third Point Management has hired Zachary Snow to serve as its first general counsel, a new position. He will report to Dan Loeb, Third Point's founder and chief executive officer.

Snow, 54, joins the hedge fund firm from Primus Financial Products, a New York-based investment risk specialist, where he served in the same capacity. Snow had been at Primus since May 2002. Snow is also the former head of the U.S. legal department of Salomon Brothers, where he worked for 19 years.

Third Point created the general counsel position to keep pace with new compliance demands stemming from its