Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Basel III, Solvency II to 'create opportunities that we may never see again in our lifetime' - London Roundtable

Monday, July 30, 2012

Benedicte Gravrand, Opalesque Geneva:

The dislocations that are going to take place over the next ten years in banking and insurance are going to create opportunities that we may never see again in our lifetime, apparently. And some are coming into the arena, seeing those opportunities and seizing them.

More hedge funds going into reinsurance

Hedge funds have had a finger in the reinsurance business for a while. But as three big names have moved into it recently, this may herald a wider strategy trend.

Steve Cohen's SAC Capital Advisors LP launched this month a Bermuda reinsurance company, called SAC Re Ltd., whose assets will be managed by the hedge-fund firm.

Third Point Reinsurance Ltd and its wholly owned subsidiary Third Point Reinsurance Company Ltd commenced operations in January 2012. Along with three private equity investors, Third Point LLC’s CEO Daniel Loeb invested $75m in TP Re’s initial capitalization.

And Paulson & co provided......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1