John D. Rockefeller once said he tried to turn every disaster into an opportunity. Today, it would seem, everyone is trying their hand. Tail risk is the talk of the markets and increasing numbers of funds are offering ways to hedge against the bleakest scenarios imaginable. With the recent global financial crisis still fresh in the memory – indeed, some commentators would argue it has not yet fully played out – investors are taking more care than usual to insure themselves against losses.
The week on Risk.net, July 14–20, 2017Receive this by email