Market partcipants like to create new markets. People want to trade stocks? Options? Commodities? Art? Other? No problem. But trading in all these things requires information, otherwise there is nothing to trade on. Case in point: Catastrophe bonds.
Were it not for a profusion of new information—ranging from meteorological, to web-based—the new market for trading these bonds would never have emerged. But it has, and it does, and we will talk to John Seo about its emergence.
Seo is the founder of Fermat Capital, and widely seen as one of the brilliant thinkers in terms of finding opportunities at the confluence of money and technology in markets.
Dr. John Seo is Co-Founder and Managing Principal at Fermat Capital Management, LLC. Based in Westport, Connecticut, Fermat Capital manages over $2 billion in catastrophe bond investments, making it one of the leading catastrophe bond investors in the world. Prior to forming Fermat Capital with his brother Nelson in August of 2001, John was Senior Trader in the Insurance Products Group at Lehman Brothers, an officer of Lehman Re, and a state-appointed advisor to the Florida Hurricane Catastrophe Fund. John received a B.S. in physics from the M.I.T. in 1988 and a Ph.D. in biophysics from Harvard University in 1991.
James Altucher is president and founder of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He also is a weekly columnist for The Financial Times and the author of the books Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Previously, Altucher was a managing partner at technology venture capital firm 212 Ventures and was CEO and founder of Vaultus and Reset Inc. He holds a bachelor’s degree from Cornell and was a doctoral candidate at Carnegie Mellon University. He is also a nationally ranked chess master.
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