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In its latest move to bolster its asset management arm, Kohlberg Kravis Roberts has found an unusual partner: a hedge fund seeking to invest in natural disasters.
The investment firm said on Wednesday that it had taken a 24.9 percent stake in Nephila Capital, an $8 billion firm that focuses on reinsurance opportunities tied to catastrophes like hurricanes and earthquakes. (The investment is being made by the firm itself, rather than through any of its private equity funds.)
Long known as a private equity powerhouse, K.K.R. has steadily built up other businesses that diversify its operations, moves arising in part from the firm’s transformation into a publicly traded company.The investment in Nephila is the latest expansion by K.K.R.’s asset management business, which has grown in recent years through moves like a deal to buy Prisma Capital Partners, a fund of hedge funds.
But Nephila may be one of the division’s most unusual partners yet. The nearly 10-year-old firm, a spinoff from the Willis Group, makes money by taking on the risk of natural disasters from insurers. The bet is that by spreading out its investments across an array of catastrophes — a hurricane hitting the northeastern United States, an earthquake roiling Japan — will offer enough diversification to limit risk from any one incident.
The catastrophe reinsurance market involves more money than the weather derivatives market… how much more? While the Weather Risk Management Association recently pegged the value of the global weather derivatives market at about $12B, industry player Nephila Capital’s website states, “The amount of notional exposure that trades in the catastrophe reinsurance market each year is approximately $200B.” Now we’re talking about your ‘disaster capitalism’ industry!
Today, weather engineering is also part of the Pentagon’s military arsenal and is at the command of America’s public enemy Nr. 1, the shadow government.
Basically, the U.S.A. lost the cold war - contrary to all newspaper allegations - against the Soviet Union because of scalar weapons and weather controlling technology. This is one of the key reasons for the multi-trillion dollar Pentagon black budget and secret arms program, namely to catch up in the scalar arms race. The main part of this technology was developed for the Pentagon by Israel and its ultra-secret scalar weapons program and is the reason why the U.S.A. has basically lost its sovereignty to a clique of internationalist scalar terrorists with hyper-tech abilities (such as also demonstrated in the „plane“ deceptions on 9-11-1).
Much fine print would need to be added here to explain the exact meaning of the terms „Israel“ and „Pentagon“ in the foregoing context. The terms are not identical with the alleged constitutional governments of Israel and the U.S.A. Essentially, the body of people involved is one and the same. It has close ties with the international central banking cabal (Bank of England, Vatican/Jesuits, Federal Reserve Bank/Alan Greenspan, AIG/Starr International/Maurice Greenberg, Citibank/David Rockefeller, Carlyle Group, Blackstone Group/Henry Kissinger/Maurice Greenberg/Pete Petersen, Council on Foreign Relations, Trilateral Commission, Bilderberg Group, World Bank, Zionist Neocon cabal, et al., also with alleged Rothschild banking interests involved from the European side). Politically, there is a tight control group with its center being, purportedly, the four: Kissinger, Bush Sr., Hillary Clinton, William Rockefeller-Clinton. In brief, the Bush-Rockefeller Crime Syndicate (if Bill’s family name „Clinton“ is corrected, according to the alleged fatherhood [Winthrop Rockefeller, former Arkansas governor and some say Clinton look-alike], into „Rockefeller“). Many details are omitted here due to time and space restrictions.
William Sonneborn (San Francisco) joined KKR in 2008 and is head of KKR Asset Management and CEO of KKR Financial Holdings LLC. He is a member of the ultimate general partner of Kohlberg Kravis Roberts & Co. He is a member of the Credit, Mezzanine, Special Situations and Special Situations Investment Committees and KKR Asset Management Portfolio Management Committee. He also sits on the board on Nephila, a Bermuda-based hedge fund focused on catastrophe and weather risk. Prior to joining KKR, he was with The TCW Group, Inc. most recently as President and Chief Operating Officer and CEO of The TCW Funds, Inc. and a member of the executive committee of Société Generale Asset Management, S.A. Previously, he worked at Goldman, Sachs & Co
BLACKSTONE IS THE NEXT ENRON
ONLY THIS TIME WE KNOW WELL IN ADVANCE OF THE COLLAPSE AND HOW IT WILL TRANSPIRE.. BEFORE THE COLLAPSE (APPROXIMATELY 12-23 MONTHS FROM NOW).