Hedge Fund News From HedgeCo.Net

Will Twitter IPO pop? Hedge funds weigh in

CNBC – The financial community will be watching whether the so-called smart money invests in Twitter’s initial public offering.

Anecdotal evidence suggests some larger hedge funds are at least showing interest. Representatives of Dan Loeb’s $14 billion Third Point and multi-billion-dollar family office Soros Fund Management took meetings with Twitter executives in New York City last week, though it’s unclear if either put in for a stake, according to people with knowledge of the meetings. And Samlyn Capital, a hedge fund that managed about $3.4 billion as of July, was among the firms requesting to invest in the new stock, according to a CNBC source. All three firms either declined to comment or did not respond to a request.

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