Wed, Jan 17, 2018
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 - Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says, Hedge fund blasts defense of Puerto Rico restructuring law[more]

    Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says From CNBC.com: A former hedge fund executive faces federal charges for defrauding a UK-based charity over investments in Africa, according to a grand jury indictment made public Wednesday.

  2. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  3. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  4. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  5. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager