Insurance Linked Securities Hedge Funds Get Knocked Down By Hurricanes

It’s been a turbulent time to be in the hedge fund business during the past few years. But one class of hedge funds that’s had more success than most are those funds with a focus on insurance linked securities (ILS). [icahn] Q3 2017 Hedge fund Letters, Conferences, Pitches; Pabrai Comeback And More Equity Short Biased Hedge Funds Down 11% YTD Pabrai Investment Funds Charges Higher With 57% YTD Return According to data from hedge fund data provider Eurekahedge, insurance linked securities hedge funds delivered compound returns of 15.60% versus 12.21% for the average hedge fund in the three year period…