Friday, 29 May 2015
Last updated 1 hour 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…