Trading Forum • Re: Risk as a new asset class. Need feedback.
Quantara
That's a really useful data point - thank you for sharing it. The CAT bond parallel is instructive precisely because it shows how hard market creation actually is, even with institutional backing. The lesson I take from stories like that is that the product wasn't the problem - distribution and timing were. CAT bonds eventually did take off, just later and differently than the early pioneers expected. Your point about needing a big insurer is something I've heard consistently. The honest challen