May 22, 2024

Investors in Best Hedge Fund Bet of 2023 Review Climate Assumptions

(Bloomberg) — The risk models that helped drive one of the most lucrative bets of 2023 are increasingly being tested by smaller weather shocks fueled by climate change. Most Read from Bloomberg Catastrophe bonds and other insurance-linked securities, which powered last year’s highest-returning hedge fund strategy, are built on calculations that can underestimate a new

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