Fri, Apr 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Crabel Capital sponsors Bermuda-based reinsurance business

Wednesday, November 12, 2014
Opalesque Industry Update - Los Angeles based Crabel Capital recently sponsored the launch of Crabel Re, a Bermuda based reinsurance company that can invest in the firm’s short term systematic trading strategy, Crabel Multi- Product.

Crabel Capital Holdings Ltd (“CCHL”) launched its wholly-owned subsidiary, Crabel Re Ltd. (“Crabel Re”). Crabel Re was recently incorporated and licensed conditionally as a Class 3A reinsurer by the Bermuda Monetary Authority (“BMA”). Crabel Re was sponsored by Crabel Capital Management LLC (“CCM”) of Milwaukee, Wisconsin. CCM, through an investment management agreement, will manage the assets of Crabel Re using the firm’s short term systematic trading strategy, Crabel Multi-Product.

Crabel Re is the most recent of a select group of participating reinsurers now operating on the Multi-Strat Re Ltd. platform. Multistrat Re is a Bermuda specialty reinsurer designed specifically to launch and grow asset manager sponsored reinsurance companies like Crabel Re.

Crabel Capital Management is a global alternative investment firm specializing in futures and foreign currency trading. Pioneers of short-term trading, the firm offers broadly diversified sytematic products that display low correlation to traditional asset classes. Founded by Toby Crabel in 1992, the firm manages $1.7B for institutional clients.

“Reinsurance offers a unique opportunity to raise capital and manage assets for the firm. Our goal is always to provide the best possible products and services to our clients and reinsurance will provide one more option moving forward.” – Toby Crabel, Founder & CEO Crabel Capital Management.

CCHL was advised by Taussig Capital Ltd. and received capital advisory support from Middlebury Securities, Ltd, a FINRA regulated investment bank.

www.crabel.com

press release

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1