TY - JOUR T1 - Portfolio Applications for CBOT Catastrophic Insurance Spreads JF - The Journal of Alternative Investments SP - 50 LP - 57 DO - 10.3905/jai.2000.318977 VL - 2 IS - 4 AU - Larry Langowski Y1 - 2000/03/31 UR - https://pm-research.com/content/2/4/50.abstract N2 - From the portfolio management standpoint, other authors have demonstrated the low covariance of natural disasters with changes in economic variables. In this article, the diversification effects of including catastrophic exposure in a portfolio are directly examined. Results show the diversification benefits of adding such alternative assets to traditional investment positions. ER -