These are the top performing hedge funds in 2020 

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Hedge funds are alternative investments that deploy several strategies, including derivatives, short-selling and more, to earn a return for their investors. The hedge fund is a massive industry with many big players. However, not all major players were able to maintain their winning streak in 2020, a year ravaged by the coronavirus pandemic. Still, some […]

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Delbrook, Ensemble Capital And ARR Investments To Pitch Ideas At Our Dec 17th Conference

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ValueWalk is holding its next Contrarian Investor Virtual Conference on December 17. This time around, Sean Stannard-Stockton with Ensemble Capital, Christian Putz with ARR Investments and Matt Zablonski with Delbrook Capital Management will present. Stannard-Stockton will present his thesis for an under-covered U.S. financial stock, while Putz will offer a company listed in Germany, and […]

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Liberty Mutual’s new $300m Mystic Re IV cat bond priced below guidance

Liberty Mutual’s latest visit to the catastrophe bond market can be considered a resounding success for the company, after the new Mystic Re IV Ltd. (Series 2021-1) catastrophe bond transaction upsized to $300 million while marketing and the notes priced at a level below the low-end of initial guidance. These two factors, upsizing and pricing…

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American Strategic owner’s Bonanza Re 2020-2 cat bond fixed at $295m

The new Bonanza Re Ltd. (Series 2020-2) catastrophe bond issuance eventually grew by 195%, with the now priced transaction set to provide $295 million of reinsurance protection to ARX Holding, the Progressive-owned parent of American Strategic Insurance Group. When the cat bond was launched to the market, it was seeking at least $100 million of…

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Cohen & Co. to raise $235m with third Butler-led re/insurance SPAC vehicle

Fixed income financial services focused investment firm Cohen & Company, LLC has begun a capital raise for what will be its third insurance, reinsurance and insurtech focused Special Purpose Acquisition Company, or SPAC, named INSU Acquisition Corp. III. As with its previous two insurance and reinsurance focused Special Purpose Acquisition Company (SPAC) ventures, Cohen &…

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BBC pension gets £3bn longevity swap from Zurich & Canada Life Re

The BBC Pension Scheme has added new benefit security for members with the completion of a UK £3 billion plus longevity swap transaction, with the assistance of global insurance firm Zurich and global reinsurance firm Canada Life Re. The longevity swap arrangement will cover over £3 billion of pensioner liabilities for the BBC Pension Scheme,…

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If Market Timing Works At All, It Works All of the Time

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Does market timing work? That’s the only point of dispute between Buy-and-Holders and Valuation-Informed Indexers, advocates of the model for understanding how stock investing works rooted in the Nobel-prize-winning research of Robert Shiller. Q3 2020 hedge fund letters, conferences and more Buy-and-Holders’ Beliefs vs Valuation-Informed Indexers’ Beliefs Buy-and-Holders believe that market timing does not work […]

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