giofranchi Posted June 15, 2013 Author Share Posted June 15, 2013 http://www.oldschoolvalue.com/blog/ideas/dan-loeb-stock-picks/ http://www.bloomberg.com/news/2013-06-10/sony-holdings-blurred-by-third-point-swaps-goldman-bonds.html giofranchi Link to comment Share on other sites More sharing options...
giofranchi Posted June 19, 2013 Author Share Posted June 19, 2013 Dan Loeb's 2nd Letter to Sony, Pushing For Spin-Off Again http://blogs.wsj.com:80/moneybeat/2013/06/17/loebs-letter-sony-entertainment-lacks-discipline-accountability/ giofranchi Link to comment Share on other sites More sharing options...
muscleman Posted June 20, 2013 Share Posted June 20, 2013 I went to 3rd point's website and found that historically the stock price trades at a 10% discount to NAV even in good years like 2007 and 2008. Do you know any reason? Is that typical for closed end funds? Link to comment Share on other sites More sharing options...
giofranchi Posted July 3, 2013 Author Share Posted July 3, 2013 June 2013 Monthly Report giofranchi2013-6-June-Monthly-Report-TPOU.pdf Link to comment Share on other sites More sharing options...
muscleman Posted July 3, 2013 Share Posted July 3, 2013 June 2013 Monthly Report giofranchi No NAV per share in that report? Link to comment Share on other sites More sharing options...
giofranchi Posted July 4, 2013 Author Share Posted July 4, 2013 June 2013 Monthly Report giofranchi No NAV per share in that report? NAV is reported on a weekly basis… not on the monthly report. :) giofranchi Link to comment Share on other sites More sharing options...
dcollon Posted July 15, 2013 Share Posted July 15, 2013 http://www.bloomberg.com/news/2013-07-15/loeb-s-third-point-reinsurance-files-for-250-million-ipo-1-.html Link to comment Share on other sites More sharing options...
giofranchi Posted July 16, 2013 Author Share Posted July 16, 2013 http://www.bloomberg.com/news/2013-07-15/loeb-s-third-point-reinsurance-files-for-250-million-ipo-1-.html Thank you, David! Very interesting! In fact, I was wondering when it would happen. The article doesn’t specify the date TPRE will start trading on the NYSE. Do you have any clue? giofranchi Link to comment Share on other sites More sharing options...
dcollon Posted July 16, 2013 Share Posted July 16, 2013 Gio, I will try to find out the timing and let you know. Link to comment Share on other sites More sharing options...
giofranchi Posted July 16, 2013 Author Share Posted July 16, 2013 Gio, I will try to find out the timing and let you know. Great! Thank you very much! :) Gio Link to comment Share on other sites More sharing options...
giofranchi Posted July 17, 2013 Author Share Posted July 17, 2013 The Growing Trend of Hedge Funds Starting Reinsurers: http://www.marketfolly.com/2013/07/the-trend-of-hedge-funds-starting.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+MarketFolly+%28Market+Folly%29 giofranchi Link to comment Share on other sites More sharing options...
giofranchi Posted July 25, 2013 Author Share Posted July 25, 2013 Third Point sells YHOO shares to Yahoo http://www.marketfolly.com/2013/07/third-point-sells-yhoo-shares-to-yahoo.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+MarketFolly+%28Market+Folly%29 giofranchi Link to comment Share on other sites More sharing options...
giofranchi Posted July 31, 2013 Author Share Posted July 31, 2013 Q2 2013 Letter giofranchiThird-Point-Q2-2013-TPOI-Letter-Final.pdf Link to comment Share on other sites More sharing options...
fareastwarriors Posted August 6, 2013 Share Posted August 6, 2013 Third Point Reinsurance Fund Arm Seeks Up to $370.6 Million in I.P.O. http://dealbook.nytimes.com/2013/08/05/third-point-reinsurance-fund-arm-seeks-up-to-370-6-million-in-i-p-o/ The reinsurance arm of Third Point, the hedge fund run by Daniel S. Loeb, disclosed on Monday that it was seeking to raise up to $370.6 million from its forthcoming initial public offering. Third Point Reinsurance said in an amended prospectus that it planned to sell 22.2 million shares at $12.50 to $14.50 a share. At the midpoint of that range, the reinsurer would be valued at nearly $1.4 billion. ... Link to comment Share on other sites More sharing options...
fareastwarriors Posted August 8, 2013 Share Posted August 8, 2013 http://www.bloomberg.com/news/2013-08-08/loeb-s-reinsurer-with-no-u-s-staff-gains-from-obama-s-jobs-act.html Loeb’s Reinsurer With No U.S. Staff Gains From Jobs Act Link to comment Share on other sites More sharing options...
constructive Posted August 15, 2013 Share Posted August 15, 2013 TPRE is IPOing tomorrow, priced at $13.50, 1.1x tangible book. http://seekingalpha.com/article/1636512-ipo-preview-third-point-reinsurance http://www.thirdpointre.bm http://www.sec.gov/Archives/edgar/data/1576018/000119312513318106/d532633ds1a.htm Total investments 937,868 (Third Point is the exclusive manager) Total assets 1,606,495 Total liabilities 581,634 Shareholders’ equity attributable to shareholders 972,665 Book value per share 12.40 Diluted book value per share 12.07 Link to comment Share on other sites More sharing options...
no_free_lunch Posted August 16, 2013 Share Posted August 16, 2013 Another great write-up from the Brooklyn Investor, this time on the TPRE IPO. So for me, these issues might put a constraint on how much exposure I would want in each of these entities; it is certainly not as rock solid as Berkshire Hathaway (but what is?), but that doesn't mean it can't have an attractive return/risk profile; just don't put 80% of your net worth in it. .. At 1.1 or 1.2x BPS, I do think TPRE is an attractive opportunity. .. It won't pay out dividends and doesn't pay taxes (Bermuda) so whatever they earn will compound tax free http://brooklyninvestor.blogspot.ca/2013/08/third-point-reinsurance-ltd-tpre.html Link to comment Share on other sites More sharing options...
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