Thursday, 23 March 2017
Last updated 1 hour 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.