Third Point Investors Limited shareholders approve Malibu acquisition, statement says

Malibu Life Holdings

14/08/2025 13:58

LONDON, Aug 14 (Reuters) - Shareholders of Third Point Investors Limited TPOGu.L have voted in favour of a deal that will see the fund acquire Malibu Life Reinsurance SPC, a statement said on Thursday.

Billionaire Daniel Loeb proposed in May to transform his Third Point Investors Limited into a reinsurance fund that would invest in the fixed annuity market in the U.S.

The fund change is designed to address a valuation discount TPIL has to Loeb's New York-based hedge fund Third Point.

 (Reporting by Nell Mackenzie. Editing by Anousha Sakoui)

 ((Nell.Mackenzie@thomsonreuters.com;;))