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Alternative Market Briefing

Asset backed reinsurance gains traction with hedge fund managers, investors

Thursday, April 24, 2014

Bailey McCann, Opalesque New York:

When it comes to hedge fund managers taking a look at new structures, hedged mutual funds seem to be getting the most column inches (and now regulator scrutiny), however, asset backed reinsurance is gaining traction with several blue-chip hedge fund names and investors. Essentially, asset backed reinsurance is another item on the growing list of liquid alternatives. Daniel Lobe, David Einhorn, and other veteran hedge fund managers have all successfully launched publicly traded reinsurers providing permanent capital for their firm.

The bulk of these reinsurance companies focus on basic policies like workers compensation. Others take on more specialized niches, Till Capital, which is launching on the TSX and TVX is a reinsurance company focused on the resources sector. Till, is affiliated with America's Bouillon which recently acquired Resource Holdings and its subsidiary Resource Re, a reinsurance company focused on the resources sector along with the securities portfolio of Kudu Partners LP (Kudu), a private hedge fund founded and managed by William (Bill) A. Lupien. America's Bouillon will be involved in the reinsurance business while still pursuing investments in the resources sector.

Last week, Crown Global Insurance announced a life insurance variation. Crown Global Insurance secured new......................

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