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Dan Loeb’s Third Point Bets on Tony Hayward and Nat Rothschild’s Vallares

The Sunday Telegraph reports that hedge funds and Sovereign Wealth Funds (SWFs) bet around £270 Million (more than $400 Million) on Tony Hayward and Nat Rothschild‘s investment vehicle Vallares. Here is what the article says about Dan Loeb and other hedge funds:

what is a hedge fund

Third Point, the $7.2bn New York hedge fund run by Dan Loeb, is understood to be one of the largest hedge funds on the register.

Mr. Loeb is known in the financial world for criticizing companies he invests in through public letters, and he likes to invest in companies undergoing mergers, bankruptcies or some form of restructuring.

Others with a sizeable investment in Vallares include Marshall Wace, the £4bn London-based fund founded and run by Paul Marshall and Ian Wace, which has become one of the most prominent hedge funds in the UK and Europe.