Cat bond spreads adequately compensate for hurricane risk: Twelve Capital
Investment manager Twelve Capital feels that the spread being taken when investing into catastrophe bonds compensates for the shorter-term risk being
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Investment manager Twelve Capital feels that the spread being taken when investing into catastrophe bonds compensates for the shorter-term risk being
27 March 2024 PRESS RELEASE Ad hoc announcement pursuant to Art. 53 Listing Rules: GAM announces 2023 full year results, proposal to strengthen the balance sheet...
(Bloomberg) -- Managers who went all out on the best hedge fund bet of 2023 are starting to recalibrate their portfolios, amid signs that the so-called catastrophe bonds underpinning the strategy are headed for a rough patch.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapUS Core Inflation Tops Forecasts Again, Reinforcing Fed CautionChina Has Never Canceled This Many Shipments of US WheatNY Says
Fermat Capital Management just had the best year in its more than two-decade history, after outsize bets on catastrophe bonds delivered record results.
Catastrophe bonds, offering high returns and portfolio diversification, are gaining popularity in the City despite the growing frequency of extreme weather events.