Sun, Jun 25, 2017
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. 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,

  2. 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

  3. 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

  4. 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

  5. Barclay Hedge Fund index gains 0.50% in May, 4.13% YTD[more]

    Hedge funds gained 0.50% in May according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is up 4.13% in 2017. The Barclay Hedge Fund Index has now been profitable for seven months in a row, with a cumulative gain of 6.10%. The Barclay Technology Index has gained 12.27% in the fi