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

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR