Fund managers eye up 20pc returns from hurricanes
Cecile LefortMarkets reporter
More Australian fund managers are looking to make a “substantial profit” from catastrophe bonds after 2023 generated a 20 per cent return for the asset class thanks to a lack of claims from hurricanes and earthquakes.
That’s according to US investor John DeCaro, co-founder of Chicago-based Elementum Advisors, which manages $US4 billion ($6.1 billion) in catastrophe bonds and reinsurance debt.
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