Dan Loeb's Hedge Fund Is Biggest Winner in Dan Loeb's Reinsurer
- Third Point Re, affiliates got more than $98 million in fees
- Einhorn has one, too; other asset managers have followed
Daniel Loeb.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Stock pops or stock drops, there’s always been at least one winner when it comes to Daniel Loeb’s reinsurance company: Daniel Loeb’s hedge fund.
Loeb’s Bermuda-based Third Point Reinsurance Ltd. paid $98.8 million since 2013 to the entities that manage its money -- Loeb’s Third Point hedge fund and its affiliates.