Daniel Loeb’s Third Point Capital will Thursday announce plans to list a €500m-€700m hedge fund in London in the first move by a US hedge fund to raise money from European equity investors.

The move by the €5bn ($6.7bn) Third Point demonstrates confidence in demand for listed hedge funds following the disappointing €770m float of the first London main market hedge fund in March by Brevan Howard, the London manager. Other funds have listed in Amsterdam or on London’s Aim while Man Group has announced plans for a New York-listed fund.