Cat-Bond Funds Unscathed by Hurricane Milton.

Investors in catastrophe bonds have emerged relatively unscathed from Hurricane Milton, with returns of up to 12% predicted by Zurich-based asset manager Plenum Investments. Prior to the storm, the market had been anticipating losses of up to 15%, but the actual figure is expected to be closer to 1%. Plenum’s managing partner Dirk Schmelzer said the outlook for the next 12 months was for “very attractive returns”, with November hurricanes unlikely to make landfall in the US. Catastrophe bonds have underpinned the most profitable hedge fund strategy, insurance-linked securities, for the past two years.

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