Cat bond fund Ian losses range from low to high single digits
Cat bond fund losses ranged from the low to high single digit range after Hurricane Ian struck in September, indicating varying exposures to the event between strategies and potentially differing valuation approaches.
The September losses ranged from a downturn of just over 11% to a smaller 0.7% loss, with year-to-date returns in a similar range for seven cat bond funds analysed by Trading Risk whose returns are available on Bloomberg’s websites....
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