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