Saturday, 28 March 2015
Last updated 10 hours ago
Sep 5 2013 | 11:04am ET
Multi-Strat Re, which helps hedge-fund-backed reinsurance companies enter the market, has a new leader.
Bob Forness was named chairman and CEO of the Bermuda special-purpose insurer. He joins the firm after stints at his own firm, alTreo, and reinsurers Imagine Group and Odyssey Re.
Multi-Strat runs a master reinsurer, underwriting on behalf of the hedge-fund reinsurers and allocating premiums to them to invest in the underlying hedge fund.
"We are thrilled that someone of Bob's caliber and experience has joined us in our quest to revolutionize both the asset-management and reinsurance industries," Multi-Strat Holdings CEO Joe Taussig said. "Bob and I go way back. I had a hand in his joining Imagine in 2002 and we were putting together a company similar to Greenlight Re with a world-class asset manager when the financial crisis of 2008 interrupted the project," he added, referring to hedge fund Greenlight Capital's reinsurance business.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…