Life/annuity and property/casualty insurance segments increased their exposures to hedge funds, leading to an overall 6% increase in insurance industry investments last year, according to a new report from global credit agency AM Best.
The company’s report notes that in 2020, the hedge fund market did not fall as far as public markets and recovered more quickly and efficiently. The report said that the hedge fund industry still lost approximately $44.5 billion in asset flows last year, but almost half of that amount actually began the redemption process in 2019.
Asset . . .
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