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Loews’s Tisch Seeks Hedge-Fund Zip to Sidestep Bond Ugly Contest

Bloomberg – Loews Corp. (L) Chief Executive Officer James Tisch, whose company oversees $43 billion in bonds from insurer CNA Financial Corp. (CNA), said he’s counting on hedge funds to boost investment returns amid near-record-low interest rates.

Loews manages about $2.5 billion of hedge-fund investments for CNA, Tisch, 60, said yesterday in an interview at Bloomberg headquarters in New York. The investments have returned 5 to 10 percentage points more than three-month Treasuries for more than a decade, he said.

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