Loeb's Third Point Opening A Greek Focused Hedge Fund

There is no stopping Dan Loeb as he suits up to open a new hedge fund in Greece, betting on a recovery in the indebted economy. Just like all other funds of Dan Loeb, this one will be focused on event-driven opportunities in Greek assets. The Third Point Hellenic Recovery Fund will look for opportunities in Greece's corporate sector and will seek to build its asset base through investments from institutional investors, Bloomberg Businessweek reports. Third Point is up 9 percent through the first quarter of this year, so things are going really well for the hedge fund so far. Less than 1.5 percent of the Third Point's existing assets will be used to startup the new Greek...