Third Point said entities it managed have amassed a stake of just under 5% in Prudential

Hedge Funds

Former Reporter

Activist hedge-fund firm Third Point called on British insurer Prudential to separate its US and Asian operations, saying such a move would increase growth and drive value.

New York-based Third Point, led by chief executive Daniel Loeb, sent a letter Monday to Prudential’s board disclosing a stake of just under 5% that makes it the insurer’s second-largest shareholder.

Prudential should separate US and Asian businesses, Third Point says

Julie Steinberg

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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US law firm hires private equity specialist from key client

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A new group plans to raise at least $20 million to stop the democratic socialist in the city’s mayoral race.

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UniCredit Doubles Equity Stake in Commerzbank to 20%

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A trial began in a long-running lawsuit by Chicago traders who say they were harmed by the exchange’s launch of electronic markets.

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