The Big Take
The Industry Betting Against Disasters — And Winning
On today’s Big Take podcast, we dig into the rise of catastrophe bonds. Last year, a record $16 billion were issued.
At Fermat Capital Management, catastrophe bond trading has resulted in record returns.
Photographer: Joe BuglewiczThis article is for subscribers only.
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Today on the Big Take podcast, we visit the hedge fund with the world’s largest collection of catastrophe bonds, Fermat, to see how they place their bets to get record returns. And we hear how the growing industry is helping fill a need in the global insurance market.