Sunday, 21 September 2014
Last updated 2 days ago
Aug 14 2012 | 12:21pm ET
Third Point's reinsurance business has hired a pair of industry veterans.
Bermuda-based Third Point Re, which the hedge fund launched last year, has added Bryan Bumsted and Chris Conway. Bumsted is a retrocession underwriter at Q Re, and Conway was assistant vice president of reinsurance underwriting at Axis Re Bermuda, Artemis reports.
Third Point raised about $500 million for the new business, which is led by John Berger as chief investment officer. The company went into the property catastrophe business in April, setting up a $50 million side-pocket that is headed by former Goldman Sachs executive Manoj Gupta.
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.