Mon, Jun 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Reinsurance companies offer a source of permanent capital for hedge fund managers

Wednesday, August 07, 2013

Bailey McCann, Opalesque New York:

In October, Opalesque first reported on the launch of Taussig Capital, which launched a reinsurance platform for hedge fund managers interested in opening that business line. Some big names in the hedge fund world run reinsurers – Buffet, Einhorn, Loeb, Paulson. Indeed, the reinsurance arm of Daniel Loeb’s Third Point, recently disclosed that it was seeking to raise up to $370.6m from its forthcoming initial public offering.

According to the Joe Taussig, founder and CEO of Taussig Capital, the benefits for the manager include permanent capital, which is what attracts them. For investors there are benefits too, "if it gets publically traded like Greenlight or Berkshire are, they get daily liquidity. Greenlight trades about $4 million worth of shares a day. Greenlight trades at the premium to book value, so you not only compound and higher our lease, because of the business than the fund would, but you get the premium to book value and daily liquidity," he explains in a recent Opalesque TV interview.

Fund managers can see their reinsurance business outperform their own f......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to