Betting on Death Is Turning Out Better Than Expected for Hedge Fund
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One of the top hedge funds in the Nordics is betting only on life and death.
The Stockholm-based hedge fund manager, Resscapital AB, is active in the U.S. market for so-called life settlements, in which retirees sell their life insurance policies to a third party at a discount. The fund only buys policies after an independent medical underwriting to estimate life expectancy, profiting if it turns out to be accurate.