Loeb reduces Third Point Re management fees

Third Point Re has renegotiated the terms of its agreement with its
sponsor hedge fund Third Point LLC, reducing the fund's
management fee down 50 basis points to 1.5 percent of the asset
balance.
The five-year management contracts have also been renewed and
the revised deal becomes effective from 16 December.
The performance related component of the agreement remains at 20
percent.
In a note Keefe, Bruyette & Woods analyst Meyer Shields said
it projected the company's 2017 invested assets..