Dan Loeb and his activist hedge fund Third Point are questioning a bid backed by fellow billionaire Ron Burkle to take the club private.

Daniel Loeb, who runs hedge fund Third Point, on Wednesday urged SoHo House directors to run a "fair" sales process and consider other potential bidders after the hospitality group received a take-private offer late last year.

Dan Loeb, who runs hedge fund Third Point, on Wednesday urged Soho House directors to run a “fair” sales process and consider other potential bidders after the hospitality group received a take-private offer late last year.

Loeb and his hedge fund Third Point have challenged billionaire Ron Burkle over the future of members-only club chain Soho House & Co. by questioning a proposed $1.7 billion take-private plan. Third Point revealed in a filing Wednesday that it had taken a 9.