Third Point Re jumps on S&P Small Cap inclusion

Total return reinsurer Third Point Re surged over 11 percent in
early New York trading after Standard & Poor's added the
Bermudian to its Small Cap 600 index.
By midday, the stock was trading around $15.45, up over 7.6
percent.
Third Point, which is allied with Dan Loeb's New York-based
Third Point LLC hedge fund, will replace Sanderson Farms in the
S&P index effective 26 September, the ratings company said late
yesterday.
At yesterday's close Third Point Re shares had...