This chapter explores the benefits of cat bonds for the insurance industry, discussing how they transfer risk to investors like hedge funds. It delves into the dominance of cat bonds in the hedge fund industry and their high-risk, high-reward nature. The chapter also highlights the performance of top hedge funds and the shift in rankings, while touching on the world's first malaria vaccine and the legal battle over emissions targets at Exxon Mobil.
Episode 241: Neal and Toby discuss the record-breaking profits hedge funds made by betting big on catastrophes. Then, a breakthrough in science as the world’s first malaria vaccine program is rolled out in Africa. Plus, oil giant Exxon Mobil pushes back on climate proposals. Toby explains what’s behind the “mob wife” trend. Lastly, why AI won’t be taking away jobs just yet and why “blue zone” is the latest buzzword for the real estate industry.
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