Cat Bonds: Shifting Risk to Investors and Spurring Hedge Fund Success

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.