A Problem Of Motivation

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Early last year, as the Coronavirus approached pandemic proportions, President Donald Trump continued issuing frequent reassurances that it would soon disappear “into thin air.” Months later, he excused his failure to take the needed drastic measures to curb the virus, claiming that he did not want to create a panic. Q4 2020 hedge fund letters, […]

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Universal’s Cosaint Re cat bond sees pricing fall below guidance

Florida headquartered insurer Universal Insurance Holdings now looks likely to secures its first catastrophe bond, the Cosaint Re Pte. Ltd. (Series 2021-1) transaction, with pricing below the low-end of initial guidance, adding another cat bond deal to the list of those pricing down. As we said earlier today, every property catastrophe bond issued or priced…

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Obsession Capital 2020 Annual Letter

Obsession Capital’s annual letter for the year ended December 31, 2020. Q4 2020 hedge fund letters, conferences and more Dear Partner: Summary of Financial Performance Despite the huge uptick in volatility in 2020 and the subsequent crash in prices of equities as well commodities, the S&P 500 ended the year with a handsome 18.40% annual […]

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Tokio Marine’s new Kizuna Re cat bond the latest price drop in 2021

The price guidance has been lowered for Tokio Marine & Nichido Fire Insurance Co’s fifth Kizuna Re catastrophe bond, making the $150 million Kizuna Re III Pte. Ltd. (Series 2021-1) transaction the latest to see its pricing fall during marketing. Every property catastrophe bond issued or priced so far in 2021 has seen its pricing…

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Safety First: How To Handle Supplier Banking Data

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2020 was an eventful year for business payments. We saw expansive leaps in digitization, accompanied by new challenges. Remote work forced accounts payable departments to pay more suppliers electronically, primarily by ACH or direct deposit. In many cases, companies began making ACH payments before they could adequately secure remote networks and environments and without new […]

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