Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Third Point Reinsurance Targets $322.2M IPO

Aug 05, 2013
Jing Chen

Bermuda-based hedge fund-backed reinsurance company Third Point Re is seeking as much as $322.2 million in an initial public offering.

Bloomberg reported that the reinsurer, which is mostly controlled by Dan Loeb’s New York-based Third Point, is selling 21.5 million shares for $12.50 to $14.50 per share.

According to an eVestment article from last month, Third Point Re filed to raised $250 million for the IPO.

JPMorgan Chase, Credit Suisse Group AG, Morgan Stanley, Bank of America and Citigroup are some of the banks managing the sale.

Launched last year with $750 million in capital, Third Point Re is run by John Berger, the former CEO of Alterra Capital Holding’s reinsurance company. New York-based Third Point Capital has about $11.6 billion in assets.

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More