Friday, 31 October 2014
Last updated 3 hours ago
Nov 18 2013 | 1:47pm ET
A pair of hedge funds have emerged as among the biggest investors in Third Point's reinsurance unit, which it took public this summer.
Cambiar Investors owns a $35.9 million stake in Third Point Re and Citadel Investment Group a $31.9 million stake, according to regulatory filings current as of the end of September. Third Point Re went public in August and, after an initially rocky start, has seen its share price rise by 20%.
Cambiar and Citadel's stakes account for more than 20% of the shares Third Point Re sold in its $276 million IPO.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.