Sunday, 21 September 2014
Last updated 2 days ago
Apr 19 2012 | 10:36am ET
Third Point's new reinsurer is getting into the property catastrophe business.
Bermuda-based Third Point Re has hired Manoj Gupta to lead the US$50 million "side-pocket" vehicle, Trading Risk reports. Gupta formerly worked at Goldman Sachs, were he led its $500 million side-pocket, known as a sidecar, Steamboat Re.
New York-based Third Point raised about $500 million for the reinsurer last year. The new company provides permanent capital to Third Point's hedge funds. It is led by former Alterra Capital Holdings reinsurance CEO John Berger.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.