MetLife Boosts Private Placements by $9.7 Billion in Yield HuntBy
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.