Cambiar, Citadel Own Third Point Re Stakes

Nov 18 2013 | 2:47pm 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.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of