Tuesday, 21 October 2014
Last updated 16 min 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...