Third Point Plans Onshore Version of Its Levered Fund

The multistrategy hedge fund firm also initiated a new position in PayPal, which it compared to Netflix and Amazon, and reduced its credit book to zero.

Stephen Taub July 24, 2018

Dan Loeb

(David Paul Morris/Bloomberg)

Third Point is planning to launch a U.S. onshore version of its existing levered fund.In its second-quarter letter to clients, the firm headed by Dan Loeb said the fund will be available for qualified U.S. investors “in the near-term.”It did not identify the fund by

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