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“This has become something of a ‘me-too’ trade lately,” said Mark Spitznagel, a former Taleb trading partner at Empirica.
The upside of everyone piling onto these catastrophe protection funds is that — guess what — all those people hedging against a catastrophe will reduce its likelihood of happening.

PIMCO offers Black Swan protection fund

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This entry was posted on August 28, 2010 at 3:27 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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