MetLife Boosts Private Placements by $9.7 Billion in Yield Hunt

  • Portfolio of private securities is $55.9 billion at insurer
  • Third-party asset manager contributes to increase under Inglis

MetLife Inc., the biggest U.S. life insurer, boosted bets on private placements by investing $9.7 billion last year, an increase of 15 percent from 2014, as low interest rates depressed returns on other holdings and the company expanded a third-party asset management business.

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