Catastrophe bonds are being built with models that often underestimate the risks tied to climate events such as wildfires and thunderstorms.
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China Probes Local Hedge Fund for Suspected Illegal ActivitiesChina’s securities watchdog said it is investigating hedge fund Zhejiang Ruifengda Asset Management Co. for suspected illegal activities, while media reports said the fund has failed to pay investors seeking redemptions and that the controlling shareholder is missing.
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James Simons, mathematician, philanthropist and hedge fund founder, has diedJames “Jim” Simons, a renowned mathematician and pioneering investor who built a fortune on Wall Street and then became one of the nation's biggest...
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China Hedge Fund Stops Redemptions, Owner Missing, Report SaysA Chinese hedge fund managing more than 2 billion yuan ($277 million) has stopped repaying investors seeking redemptions, and its controlling shareholder is missing, the Securities Times reported, citing unidentified people.
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Hedge Fund Verition Adds Yen Rates Trader Amid Hiring Blitz(Bloomberg) -- Verition Fund Management LLC has hired Citigroup Inc.’s Shin Kobayashi as a portfolio manager focused on yen rates trading, as the $9.9...
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Hedge Fund Tycoon Loses Ruling Over $40 Million WWII Shipwreck Treasure(Bloomberg) -- One of Britain’s top hedge fund managers lost a legal fight over the salvage of $40 million of silver from the wreck of a ship sunk by a...
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Hedge Fund Chief Loses Fight Over $40 Million Shipwrecked SilverOne of Britain’s top hedge fund managers lost a legal fight over the salvage of $40 million of silver from the wreck of a ship sunk by a Japanese submarine in World War II.
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