Third Point Investors Limited (ticker: TPOU), along with BH Macro, is one of the few long-term survivors in the Hedge Fund sector. Run by US-based investor Dan Loeb, Third Point joined the market in 2007 although the underlying Master Fund it invests in dates back to 1996. Loeb primarily invests in equities, sovereign and corporate credit, and in private companies taking a mixture of long and short positions. A widening discount led to the trust rolling out a range of initiatives to improve its rating in the last few years, such as buybacks, an exchange facility, increased gearing, and tender ...