Investments
Why You Didn’t Hear About GameStop Shares Until Too Late
The Trade Of The Decade Even if you held until GameStop (GME) shares dropped back into the 90s this week, if you had bought long-dated, far OTM calls on the stock when it was trading below $5, you would have made a fortune. Keith Gill, aka “DeepF*ckingValue” and “Roaring Kitty” turned a five-figure stake into […]
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Read MoreWhat Was Financial Security In 2020 All About?
Over the course of 2020, financial insecurity concerns rose to an all-time high. With millions of Americans unemployed or experiencing reduced hours or salaries, more households than ever were living paycheck to paycheck. Q4 2020 hedge fund letters, conferences and more In fact, only 39% of American households could afford an emergency expense up to […]
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Read MoreLodgepine had “terrific” double-digit year in 2020: Markel Co-CEO Whitt
Lodgepine Capital Management Limited, the retrocessional reinsurance ILS fund management unit of Markel Corporation, had a “terrific” year in 2020, delivering double-digit returns on its portfolio which largely avoided any loss impacts during the period. Markel launched the retro reinsurance investment manager in late 2019, bringing a new insurance-linked securities (ILS) strategy to market focused…
Read MoreRates above loss costs & margin expansion: Chubb CEO Greenberg
It’s always worth a look at Evan Greenberg’s comments when it comes to quarterly reporting from global insurance and reinsurance giant Chubb and the latest reporting yesterday holds a wealth of insight into factors that can help to make ILS returns increasingly attractive. We don’t mean the returns ILS funds generate from any business Chubb…
Read MoreHannover Re shrinks K-Cessions to $610m in “successful” retro renewal
German reinsurance firm Hannover Re has downsized its capital markets backed K-Cessions quota share retro reinsurance sidecar facility to $610 million for 2021, a roughly 10% decrease from the prior year. At the same time the company expanded its aggregate and whole account excess of loss retrocession protections, but not enough to account for the…
Read MorePositive cat bond market momentum to continue in 2021: Aon Securities
The property catastrophe bond market experienced a record year in 2020 with around $11 billion of new issuance and leading broker dealer Aon Securities believes the positive momentum will persist. Aon Securities, the capital markets and insurance-linked securities (ILS) focused unit of the global insurance and reinsurance broker, said in its latest report that 2020…
Read MoreHannover Re cites ~10% price rises for US cat reinsurance renewals
Hannover Re gave its report on the January 2021 reinsurance renewals today, citing around 10% price improvement across U.S. natural catastrophe reinsurance business, while across its book renewed business was subject to price increases of 5.5% and premium volumes rose by 8.5%. Hannover Re’s CEO Jean-Jacques Henchoz reports a “thoroughly satisfactory round of treaty renewals”…
Read MoreLyrical Asset Management 2020 Commentary: The Reports Of Value’s Demise Are Greatly Exagerrated
Lyrical Asset Management commentary for the year ended December 2020, titled, “EAFE Value Index.” Q4 2020 hedge fund letters, conferences and more The pandemic tested our mettle, but our strategy and the companies in our portfolio navigated well through the volatile environment. We seek to own attractive businesses at attractive valuations, and this discipline helped […]
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Read MoreTELUS Corporation: A No-Brainer “Buy”
Candian digital customer experience company, TELUS Corporation (NYSE:TU) (TSE:T). is going public. According to its F-1/A form, the company is offering the public 21.93 million shares, alongside 11.4 million shares from selling shareholders Telus Corporation and Baring Private Equity, for a total of 33.33 million shares. The shares will be sold at a price range […]
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