Resonanz Spotlight
This is a podcast where we explore investment strategies, learn the stories behind them, and meet the experts who create them.
Resonanz Spotlight
Cat Bonds: Diversification from Nature, Not Markets
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Cat bonds sit in a strange place: they’re capital markets instruments, but the risk driver is nature — not rates, not credit spreads, not equities.
In this episode of Resonanz Spotlight: Strategy Notes, Vincent and Saâd break down how catastrophe bonds work, why institutional allocators are looking at them now, and what most investors underestimate: trigger mechanics, model risk, liquidity around event seasons, and the very real psychology of “steady carry… until it isn’t.”
If you’re looking for diversification beyond markets, this episode offers a clear mental model — in just five minutes.