(Bloomberg) Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its biggest profit since 2013 as his portfolio rebounded.
Second-quarter net income more than tripled to $53.4 million, or 51 cents a share, from $15.7 million, or 15 cents, a year earlier, the Bermuda-based company said Thursday in a statement. The average estimate of five analysts surveyed by Bloomberg was for a profit of 59 cents a share, adjusted for one-time items.
