Loeb Hedge Fund Lowers Fees for Slumping Third Point Reinsurer

  • Management fee will be 1.5%, down from 2%, in five-year pact
  • Reinsurer trades for less than 2013 initial public offering

Third Point Reinsurance Ltd. won lower fees on investments overseen by Dan Loeb’s Third Point LLC, the hedge fund manager that helped start the Bermuda-based reinsurer.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.