AsianInvesterAsianInvesterAsianInvester

Why UK’s Pool Re de-risked 20% of its portfolio

Hugo Cox
The reinsurance company benefited from a surge in equity prices from late March, only to shift one-fifth of its portfolio into defensive, short-term gilts in August. Its CIO explains why.
Why UK’s Pool Re de-risked 20% of its portfolio

London-based Pool Re, a £6.5 billion ($9.08 billion) terrorism risk reinsurer, astutely shifted 20% of its investment portfolio out of credit, multi-asset credit and equities in favour of short-dated UK government bonds over the past month, over concerns that lofty equity valuations could topple as the Covid-19 pandemic rolls on.

Sign in to read on!
Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?
See here for more information on licences and prices, or contact [email protected]
¬ Haymarket Media Limited. All rights reserved.