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Bloomberg Intelligence

US House Passes TikTok Bill

Mar 13, 2024
US House passes bill impacting TikTok, potential sale or ban. Ad dollars shift if TikTok banned. Trump's legal battles. Market updates with portfolio manager. Homebuilding market preview. Physics whiz's success in ESG investing.
42:05

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Quick takeaways

  • Fermat Capital Management uses climate-related factors to optimize returns in catastrophe bonds, focusing on diverse perils.
  • Market growth in catastrophe bonds includes addressing secondary perils like floods and wildfires for future investment opportunities.

Deep dives

Fermat Capital Management's unique strategy in catastrophe bond investments

Fermat Capital Management specializes in catastrophe bond investments, managing the world's largest collection of such bonds. With assets totaling around $10 billion, they employ a sophisticated approach utilizing risk models enhanced by their co-founder's physics background to predict disaster likelihood and optimize risk-return profiles.

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