Hedge Fund Fermat Says Surge in Cat-Bond Sales Is Breathtaking
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before.
By Gautam Naik · Bloomberg Markets
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that’s unlike anything he’s seen before.