Third Point Offshore Appoints Steve Bates As Permanent Chair

LONDON (Alliance News) - Third Point Offshore Investors Ltd said on Wednesday it has appointed Steve Bates as non-executive chair on a permanent basis.

He will be replacing Marc-Antoine Autheman, who stepped down in September after 11 years in the role due to conflicts with his other business interests.

Third Point Offshore Investors is a closed-ended feeder into Third Point Offshore Fund Ltd, which is the "flagship" hedge fund of Third Point.

Bates is currently chair at VinaCapital Vietnam Opportunities Fund Ltd and BMO Capital & Income Investment Trust PLC, and has been chief investment officer at GuardCap Asset Management Ltd since 2013.

"Steve brings both a strong investment background and deep relationships in the London listed-fund market, and we believe shareholders will benefit greatly from both these assets," said Interim Chair Claire Whittet.

Third Point's dollar-denominated shares were down 0.5% at USD14.35 on Wednesday.