Birch Grove / Third Point
Anyone have any colour/context on the tie up here? Not sure if Third Point has been struggling or what but I feel like it used to have a very hallowed reputation among the single manager equity hedge fund space with like Pershing Square, Greenlight etc. Don’t quite understand the decision to acquire a small-ish CLO manager. Would be interesting to know if comp has gotten an uplift for the Birch Grove folks from CLO to equity HF comp culture.
