(Business Times) In a time of negative interest rates, you sometimes have to stretch far to find some decent returns.The Stockholm-based hedge fund manager, Resscapital AB, is turning to an alternative but fast growing market of betting on life insurance policies of retired Americans. Its aim is to deliver returns of as much as 8 per cent a year from a market that’s largely uncorrelated with other assets, providing a good hedge to gyrations in stocks and bonds.
“This is a product with a fundamentally different risk,” Gustaf Hagerud, the fund’s managing director, said in a phone interview this week.