List of hedge funds investing in weather
derivatives
Coriolis
Capital Limited - is an independent investment management
firm regulated by the Financial Services Authority. It focuses
its activities on insurance-related derivatives such as Catastrophe
Bonds and Options, Weather Derivatives as well as long and
short positions in insurance, reinsurance and insurance brokerage
companies.
Nephila
Capital Ltd (formerly Willis Asset Management) is a leading
hedge fund manager with multiple funds dedicated to investing
in instruments such as insurance-linked securities, catastrophe
bonds, insurance swaps, and weather derivatives.
Books on weather derivatives
Insurance
and Weather Derivatives: From Exotic Options to Exotic Underlyings
A unique and diverse resource on the developing theory and
practice of pricing and managing insurance derivatives, insurance-risk
securitisation and weather derivatives. * Expert practitioners
and theoreticians take a detailed look at the new class of
complex options and structured products resulting from the
convergence of finance and insurance, ie, alternative risk
transfer. * Major issues explored include: putting a price
on Mother Nature, the future of the new asset class, and whether
catastrophe risk is uninsurable.
Weather
Derivative Valuation: The Meteorological, Statistical, Financial
and Mathematical Foundations
Weather Derivative Valuation is the first book to cover all
the meteorological, statistical, financial and mathematical
issues that arise in the pricing and risk management of weather
derivatives. There are chapters on meteorological data and
data cleaning, the modelling and pricing of single weather
derivatives, the modelling and valuation of portfolios, the
use of weather and seasonal forecasts in the pricing of weather
derivatives, arbitrage pricing for weather derivatives, risk
management, and the modelling of temperature, wind and precipitation.
Specific issues covered in detail include the analysis of
uncertainty in weather derivative pricing, time-series modelling
of daily temperatures, the creation and use of probabilistic
meteorological forecasts and the derivation of the weather
derivative version of the Black-Scholes equation of mathematical
finance. Written by consultants who work within the weather
derivative industry, this book is packed with practical information
and theoretical insight into the world of weather derivative
pricing.
The Weather
Risk Management Association
The Weather Risk Management Association (WRMA) was founded
in 1999 by leading participants in the weather market as the
industry association for the weather risk management business.
Its purpose is to foster public consciousness of weather risk
and its management as well as to promote the growth and general
welfare of the weather risk market
Weather Derivative News
GLG
Partners to launch green fund Feb 18 2007. Financial Times
GLG Partners – the $17bn London hedge fund manager,
told investors in a letter on Friday that it planned to start
an Environment Fund filtering the greenest companies from
its $1.5bn European Equity strategy at the start of March.
It will also offset global warming emissions from investments
held by its funds using carbon credits and offset programmes.
Forecast
for Weather Derivatives: This Hot Market Shows No Sign of
Cooling Off fenews.com
Barely a decade old, the weather derivatives market has grown
by leaps and bounds, fueled by an increased awareness of global
warming, cyclical climate changes, the devastation of harsh
weather evidenced by 2005’s infamous Atlantic hurricane
season.
Weather
derivative trading on cards in india Times News Network. Jan 08, 2005
The National Commodity and Derivatives Exchange (NCDEX) can
offer trading in weather derivatives in the country
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