Hedge Funds Pluck Money From Air in $19 Billion Weather Gamble
On 08-01-2007.
Aug. 1 (Bloomberg) -- Credit Suisse Group trader Patrick Ayash rarely reads earnings estimates and just skims news about inflation. One thing he never misses: the daily weather report. Ayash, 31, is part of an army of mathematicians, hedge-fund whizzes and programmers pouring into the $19 billion market for weather futures, financial instruments tied to everything from storms over Kansas, an early frost in the ...
ACE Forms New International Energy and Technical Risks Unit
On 07-24-2007.
NEW YORK-(Business Wire)-July 23, 2007 - ACE Overseas General announced today that it has formed one new international industry practice group to address the world's growing regional energy production and capital investment needs. ACE Energy and Technical Risks aligns new and existing ACE capabilities in energy and technical lines underwriting with the retail distribution platforms of regional and global broking ...
