- Advertisement -
- Advertisement -

Related

MetLife redeem 1.2 billion USD in hedge funds

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – MetLife, the largest U.S. life insurer, said it is seeking to exit most of its hedge fund portfolio after a slump in underlying investments, according to Bloomberg.

The insurer is looking to redeem 1.2 billion USD of its 1.8 billion USD it holds in hedge fund allocations, a process that may take a couple of years to complete, Chief Investment Officer Michael Goulart said in a conference call on Thursday discussing first-quarter results.

According to Goulart, the portfolio, which suffered losses during the quarter, was cut by 600 million USD already in 2015.

“It’s had up-and-down years and really it’s just too inconsistent, we think, in actual performance. What we’ll be left with is a small portfolio of really our most consistently performing managers in hedge funds”, Goulart said.

MetLife’s competitor, American International Group (AIG), is also shifting allocations after posting three straight unprofitable quarters. The company said Tuesday that it has submitted notices of redemption for 4.1 billion USD of hedge fund holdings through March 31. Average invested assets in hedge funds at AIG were 10.1 billion USD for the first quarter, Bloomberg reports.

Picture (C): Jezper – shutterstock.com

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

HedgeNordic Editorial Team
HedgeNordic Editorial Team
This article was written, or published, by the HedgeNordic editorial team.

Latest Articles

Origo’s Johansson Returns to Sohn Conference with High-Conviction Pick

Swedish stock-picking boutique Origo Fonder is gaining fresh recognition following a strategic transformation, strong performance, and growing assets. The firm’s evolution into an “Origo...

Commodities Lift CTAs Amid Turmoil

In June 2025, the NHX CTA Index was up as losses in stocks and bonds were outweighed by profits in commodities, but briefly erupting...

Finserve Global Security Fund Boosts Quant Edge with Martin Redgård

Under lead portfolio manager Joakim Agerback, the Finserve Global Security Fund has successfully capitalized on the global surge in defense, cybersecurity, and space investments...

Visio Allocator Storms Back After Difficult March

After posting the worst monthly performance in its 15-year history with a 13.7 percent decline in March, the team behind the multi-strategy Visio Allocator...

Sissener Expands Investment and Sales Teams with Senior Hires

Just months after bringing on Mads Andreassen as Investment Manager, Norwegian fund boutique Sissener AS continues to expand its team with two key additions....

Fenja Capital Deepens Bench as Analyst Moves to Full-Time Role

After earning his Master’s degree in Economics from Aalborg University, Anders Madsen has transitioned from a part-time role to a full-time analyst position at...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.