WSJ – Nephila Capital, a $2 billion Bermuda-based hedge fund firm, is named after a spider that, according to island folklore, can predict hurricanes.
Earthquakes, like the ones that devastated parts of Japan and New Zealand in recent weeks, are harder to forecast. That may be a problem for Nephila, which is a leading player in the business of catastrophe risk. The firm will likely suffer losses from the Japan quake, two hedge fund investors said this week on condition of anonymity.
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