Exclusive: Hedge fund Third Point targets British insurer Prudential - sources

Third Point's demands could lead to a major shake-up at Prudential, only a few months after it spun out its British insurance and asset management businesses into a new company called M&G Plc .Third Point, which specializes in shareholder activism and is run by Daniel Loeb, will ask the 332-year old London-based company to separate its Asia business from its U.S. business, the sources said.The New York-based hedge fund believes Prudential's stock will benefit if it no longer runs its crown j