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. press release Bg |
Industry Updates
Crabel Capital sponsors Bermuda-based reinsurance business
Wednesday, November 12, 2014
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