Third Point Reinsurance Q3 Investor Presentation


Third Point Reinsurance Ltd. has a new presentation for Q3 14

Also see Third Point Q3 Letter: Long Amgen, eBay; Sells Sony, AIG, Hertz

• Third Point LLC owned and  led by Daniel S. Loeb
• 21.1% net annualized  returns since inception in  1995
• Risk-adjusted returns driven  by superior security  selection and lower volatility

Investment  Management  Agreement

Exclusive relationship through 2016, followed by successive 3-year terms on  renewal
• Investments are managed on substantially the same basis as the main Third Point LLC hedge funds
• We pay the standard 2% management fee and 20% performance allocation.  The performance allocation is subject to a standard high water mark

Khrom Capital killed it during the first quarter, continuing its strong track record; here are their favorite stocks

Khrom Capital was up 32.5% gross and 24.5% net for the first quarter, outperforming the Russell 2000's 21.2% gain and the S&P 500's 6.2% increase. The fund has an annualized return of 21.6% gross and 16.5% net since inception. The total gross return since inception is 1,194%. Q1 2021 hedge fund letters, conferences and more Read More

Risk  Management
• Restrictions on leverage, position concentrations and illiquid, private investments
• Key man and performance termination provisions
• Allowed to diversify portfolio to address concerns of A.M. Best or regulator(s)


• Investments are held in a separate account – Third Point Re has full ownership
of investment portfolio to provide liquidity for claims and expenses
• More than 95% of investments are within FAS 157 Levels 1 & 21
• Separate account may be used at any time to pay claims and expenses


TPRE Investor Presentation Nov 2014 FINAL v2 v001 m5ih35 (1)

No posts to display