Tuesday, 2 September 2014
Last updated 2 hours ago
Nov 27 2013 | 10:59am ET
Hedge funds are set to launch more reinsurers in Bermuda in the wake of Third Point Re's successful initial public offering.
Hedge fund-backed reinsurers were the talk of last week's Ernst & Young Hedge Fund Symposium in Bermuda. The accounting firm's Jessel Mendes told the assembled that there was a "good feeling" about the industry's growth potential, while ILS Capital Management's Don Kramer said it was "very possible" that other hedge funds and asset managers would join Third Point, Paulson & Co. and SAC Capital Advisors in setting up reinsurance businesses.
Reinsurers serve as a kind of permanent capital for hedge funds, with the companies investing their premiums with their hedge-fund sponsor.
"In six months to a year, I expect to see another couple of asset managers starting up reinsurance companies, and there are a number of others in the pipeline," E&Y's Craig Redcliffe told The Royal Gazette.
"The big thing is that everyone understands the importance of the asset management industry to Bermuda and the ILS opportunities for Bermuda," Mendes added. "It's a joint effort involving the government, the regulator and the industry."
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...