| 30.11.2004 Other Voices: Catastrophe bonds and weather derivatives – a new asset class for hedge funds |
| By Diego Wauters (CEO of Coriolis Capital Limited, London) and Martin Jones (CIO of Coriolis Capital Limited, London): In the last eight years, a number of new instruments have appeared in the financial markets. Among them, catastrophe bonds and weather derivatives have quickly grown from scratch to reach a size of US$16 billion in notional each. Catastrophe bonds tend to cover a few extreme |