NEW YORK — Among the many forms of alternative investing to have originated in the U.S., one hedge fund has made a name for itself by mastering natural disaster analysis and the resulting insurance payouts.
Two massive hurricanes struck the U.S. last year, leaving extensive damage in their wake. One of them, Hurricane Milton, was intensifying over the Gulf of Mexico in October as John Seo, co-founder of Fermat Capital Management, was vacationing in Marrakesh, Morocco.
