Trade Hurricanes not gas (more)
Following up from this post last week, the following headline from the FT caught my eye:
Fewer storms please hedge funds
By Andrea Felsted, Insurance Correspondent
Published: September 24 2006 21:59 | Last updated: September 24 2006 21:59Hedge funds that have piled billions of dollars into reinsurance are poised for bumper returns, amid increasing expectations of a benign hurricane season.
Hedge funds could still be hit with heavy losses as the Atlantic windstorm season does not finish until the end of November, while an earthquake could happen at any time.
…um I guess she didn’t interview Nick and Brian for this story…
Then again, the readers of Dealbreaker.com didn’t think you should ‘blame it on the weather’ (actually 21% blamed ‘Canada’…they must be watching too much South Park! 
)
