Third Point Reinsurer To Go Public

May 7 2013 | 11:14am ET

Third Point hopes to raise about $250 million in an initial public offering of its reinsurance arm.

The hedge fund's Third Point Re has hired Credit Suisse, JPMorgan Chase and Morgan Stanley to explore the IPO, which could come later this year, Reuters reports.

Third Point set up the reinsurer two years ago and has raised $750 million for the business, which is headed by industry veteran John Berger. Third Point founder Daniel Loeb and a pair of private equity firms are among the Bermuda-based reinsurer's primary investors.

Third Point Re invests its capital and premiums in Third Point's hedge funds. Last year, the firm launched a catastrophe reinsurance "side-pocket" vehicle with $50 million.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note