Daniel Loeb is experiencing a taste for his products at the UK Investment tussle

Hedge fund prosecutor Daniel Loeb is facing a dilemma from a salesman who has become frustrated with his handling of his UK car.

Loeb, who is known for his campaign against corporate executives such as Sony and Sotheby’s, has found himself targeted by Asset Value Investors, a London-based company with a 10.1% stake in Third Point Investors Ltd.

TPIL is a Loeb-funded trust fund operated on the London Stock Exchange in 2007 and sells at a low price of 17.5%.

AVI on Wednesday published a letter complaining about the functioning and governance of the government at TPIL, stating that a recent review “seriously lacked systemic changes that we believe are necessary” to close the discount.

People followed the experience of those who saved money in October when, according to AVI, Loeb said he would not be afraid of shareholders “wanting to get money quickly by trying to pressure or coerce the committee or me to do something that is not in the best interests of all who will spend money. their ”.

Investors like Loeb, who make money in companies and encourage change, are often criticized for their short-term performance.

Tom Treanor, chief executive officer at AVI, said Loeb’s remarks were “surprising because of their deception and ignorance”. Treanor said five minutes of tape, along with Loeb’s threatening words, was cut off from the recording of a phone call that was distributed to money changers.

“Third Point’s findings show that Loeb was embarrassed by his incompetence and unexpected complaints about his views on the rights of shareholders and corporate governance, or his business group was embarrassed by his boss,” he said.

AVI, which runs a £ 1.2bn AVI Global trust, is well-known among London’s financial institutions for the purchase of fast-selling cars and attempts to force regulators to close the gap, which adds to the benefits of AVI’s findings.

“TPIL welcomes the partnership with its partners and, as we have seen from our recent review, appreciates their feedback,” the company said in a statement to the Financial Times.

TPIL, which has about $ 900m in total, allows traders access to Loeb’s Third Point Offshore hedge fund.

The UK Investment Trust was established by Loeb in 2007 among financial managers to secure fixed income, while investors often agree to close their investments for many years. Other hedge fund officials, including Bill Ackman’s Pershing Square and Brevan Howard, also followed suit.

The AVI campaign looks at TPIL’s continuous reduction in prices compared to its economy over a number of years. The difference reached 16% almost last year, according to a Morningstar survey.

TPIL completed its review in April to address the discount. The board has offered to sell the currency through 2024, if the trust still sells less. It also plans to increase fundraising from the current economy by about 7% to 20% cap.

AVI says TPIL needs to change its structure so that traders can redeem their shares on a quarterly basis near inflation and need a general meeting to consider the measure.

Markets are boosting the growth of TPIL shares, as well as the reduction of discounts from very close to 30% last year, and the stock price is very high.