There is a little corner of the insurance market that isn’t for the faint of heart. Incredibly cheap and equally risky, it is a form of hedge fund investing for the masses.
Alternative reinsurance is the area. And Greenlight Capital Reinsurance and Third Point Reinsurance are two of the players. The stocks represent a leveraged bet on the performance of some of the world’s most famous hedge funds, but investors who don’t want to put cash at risk can benefit too.
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