As Sandy Bears Down Catastrophic Bond Returns Go Up
Bonds designed to protect insurers from payouts on natural disasters are headed for the best returns since 2009 as a superstorm expected to develop from Hurricane Sandy threatens to strike the U.S. Northeast.
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KKR's McVey on China, Europe, EM, and a U.S. Recession
24:37 - Henry McVey, head of macro and asset allocation at KKR & Co. LP, discusses the slowdown in China's GDP, the European economy, and his call for a U.S. recession. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Daybreak: Americas." (Source: Bloomberg)