Pine River Parts Ways With Reinsurer Execs.

Apr 25 2014 | 10:06am ET

Pine River Capital Management’s road to joining the reinsurance business is proving a winding one.

The hedge fund hopes to join the likes of Third Point and Greenlight Capital with an affiliated reinsurer that will invest its premiums with Pine River. The firm initially sought to buy SAC Capital Advisors’ reinsurer, but the unit ultimately went to Two Sigma Investments.

Pine River then tried the next best thing, hiring SAC Re’s former chairman, Ken LeStrange, to lead its Pine River Re. But that arrangement has soured, as well, with both LeStrange and Pine River Re CEO Bill Jewett leaving the firm.

Pine River is now working with Allied World Assurance to establish its $750 million company.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...