Tue, May 21, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Resource Holdings to raise capital for veteran investor and hedge fund manager Bill Lupien's new reinsurer

Thursday, September 26, 2013

Matthias Knab, Opalesque:

Resource Holdings Ltd. is offering its shares to accredited investors with a minimum investment of $1 million. The capital is being raised to fund its wholly owned subsidiary, Resource Re Ltd., which has been licensed as a Class 3A insurer by the Bermuda Monetary Authority. Resource Re is the first of what is expected to be many Participating Reinsurers that will be part of the Multi-Strat Re program.

Each Participating Reinsurer follows the model originated by Warren Buffett and more recently replicated by David Einhorn (Greenlight Capital Re) and Dan Loeb (Third Point Re), whereby the earnings of the reinsurer are largely driven by the investment returns on the equity capital and reinsurance reserves generated by its sponsor, who manages all of the investable assets of the reinsurer.

Platform model allows managers set up a reinsurance business in as little as 90 days

According to Bob Forness, the CEO of Multi-Strat Re, "Building a standalone reinsurer from scratch requires the sponsor to redirect internal resources for 18 months to 2 years, make personal investments of more than $50 million, guarantee more than $25 million of executive compensation to attract reinsurance executives before raising one penny of capital, and set a very high target for a capital raise whereby all investors must invest at the same time, which is like herding cats.

Instead, we have made the investment in infrastructure and staff for......................

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. Cryptocurrency thefts, scams, and fraud top $1.2bn in Q1[more]

    Laxman Pai, Opalesque Asia: Crypto criminals and fraudsters stole more than $1.2 bn through cryptocurrency thefts, scams, and fraud in the first quarter of 2019, a report revealed. Criminals stole more than $356m from exchanges and infrastructure during this period, according to a report by c

  2. Redemptions hit quant king AQR in performance slump[more]

    From Financial News: AQR Capital Management, one of the biggest quantitative fund managers, is undergoing a prolonged performance downturn that has led to investors withdrawing increasing amounts in 2019. The Connecticut-based firm, which manages both hedge funds and mainstream long-only funds,

  3. FWM Holdings buys $2bn fund manager Optima Fund Management[more]

    Laxman Pai, Opalesque Asia: New York-based FWM Holdings, the parent company of Forbes Family Trust (FFT) and LGL Partners, multi-family offices serving ultra-high-net worth families, agreed to buy Optima Fund Management, an early fund-of-funds player with $2bn in assets. The deal is expected

  4. Opalesque Exclusive: Paris-based hedge fund manager opens seeding programme for niche strategies[more]

    B. G., Opalesque Geneva for New Managers: Melanion Capital, an independent investment manager based in Paris, is launching a seeding programme that can house two to thr

  5. People: Hedge funds raid BNP's shuttered prop desk amid talent race[more]

    From Bloomberg: BNP Paribas SA's closure of its proprietary-trading desk has triggered a hiring frenzy for the world's biggest hedge funds. Citadel has recruited Mathieu Gaveau, who was head of rates at BNP's Opera Trading Capital division until it was shut down in January. Paolo Nicolosi, a se