Bloomberg – Beazley Plc, a Lloyd’s of London insurer, plans to increase its hedge-fund holdings as record-low interest rates squeeze investment returns.
Beazley will raise the proportion of its assets invested in hedge funds to as much as 13 percent in the next six months from about 10 percent now, Finance Director Martin Bride said in a telephone interview today. The insurer may then increase the holding to 20 percent depending on market movements, he said.
