Third Point will acquire AS Birch Grove in a move that expands the hedge fund’s credit capabilities, according to a news release. The acquisition is expected to close in the first quarter of ...

NEW YORK, Dec 22 (Reuters) - Billionaire investor Daniel Loeb's hedge fund Third Point said it will acquire fund manager AS Birch Grove LP to expand its credit investment offerings as clients seek ...

Upon consummation of the transaction, expected in Q1 2025, American Securities will no longer be an owner of Birch Grove, which will become a subsidiary of Third Point. Third Point, founded in ...