Hedge Fund News From HedgeCo.Net


Irma: How Hedge Funds Are Handling a Possible Disaster

(Bloomberg) Greg Hagood didn’t have many details to work with on Thursday afternoon. Hurricane Irma wasn’t expected to make landfall in South Florida for another 64 hours. Projections for its path were all over the place, especially considering that a centimeter deviation on the map might mean billions of dollars of destruction either averted or heaped onto the tally. So when Hagood phoned his natural-catastrophe bond investors, he had a simple message: Stay calm despite winds strong enough to reduce a house to splinters.

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