NEW YORK, April 27 Hedge fund manager Daniel Loeb told investors on Thursday that his $16 billion hedge fund Third Point saw more opportunities in Europe and was positioned to absorb a modest sell-off in U.S. stocks.
Third Point took a position in Italian bank Unicredit Spa and German utility E.ON, the firm said in its first quarter letter. During the first three months of the year, Third Point earned a 5.9 percent return. (Reporting by Svea Herbst-Bayliss; Editing by Andrew Hay)
Tradeweb to be main offshore trading platform for China "Bond Connect"
SHANGHAI, June 26 Tradeweb, a fixed-income trading platform, will connect with China Foreign Exchange Trading System (CFETS) to be the main interface for offshore investors trading in China's bond market through the country's upcoming "Bond Connect" scheme, the company said on Monday.