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Activist hedge fund furious after ‘juvenile’ attack by activist investors
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theguardian.comThe billionaire US hedge fund boss Dan Loeb has launched a scathing attack on activist investors targeting his London-listed fund, calling them “juvenile” and “underhanded” after its chair resigned.
Loeb’s New York-based Third Point is one of the most prominent and aggressive activist hedge funds, which take stakes in companies to push for changes that they believe will make them more valuable. Loeb has tussled with companies ranging from Sony to Sotheby’s and Prudential, and he is now agitating for a break-up of Shell.
However, in an unusual twist, it is Loeb’s London fund that is now the target of activist investors, triggering an extraordinary public spat between investment firms.
Steve Bates, the chair since 2019, stepped down after
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