XL Group’s McGavick Cuts Exposure to Hedge Funds to Boost Investment Yield

By | February 14, 2018

  • February 15, 2018 at 8:09 am
    Tax Cuts 4 PolaRich Bears says:
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    What about the hedge fund portfolio of XL/ Catlin rose 4.7% and declined 1% in the prior 9 mos. of 2017, and full 2nd prior year, respectively? [ ref: next to last paragraph ] Does that refer to the changes in volume as a percent of the entire asset portfolio, the RORs, or the changes in monetary amounts as stand alone accounting items? That is a poorly worded sentence which leaves me wondering if the author is repeating something written elsewhere or stating McGavick’s comments (perhaps out of context). It seems like monetary volume changes are being reported there, but it isn’t as crystal clear as Hillary’s Benghazi testimony eyeglasses.

    Irony: McGavick increases his hedging via XL’s hedge fund portfolio redux action; re: his comment in the last paragraph.

    A short list of XL’s major portfolio classes, current and prior, would have been easy to obtain, and helpful to include.



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