Third Point Re investment gains outpace S&P 500

Total return reinsurer Third Point Re's investment returns
rose last month to the highest level since January and put the
Bermudian on track for its best results since 2013, data released
today show.
The company's investable assets, managed by Danial
Loeb's Third Point LLC hedge fund in New York, posted a 2.2
percent net return in May, the largest gain since the 2.6 percent
recorded in January.
Year-to-date returns have reached 10 percent, the company said,
which if it holds...