Hedge Fund Insurers Risk Becoming Roadside Carcasses, S&P Says

  • Funds created reinsurers seeking permanent capital, lower tax
  • Ventures have shut down in past year, outlook is dim, S&P says

Hedge fund firms that set up reinsurance companies will struggle because too many rivals had the same idea and investment results have been disappointing, according to a report from S&P Global Ratings.

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