Should I Be Concerned That A Hedge Fund Owns An Annuity Company?
Question: Should I be concerned that a hedge fund owns an annuity company? My local agent is recommending an annuity that is owned by a hedge fund, and he says that it’s a good thing. What do you think? from Peter in Salt Lake City, Utah Answer: That’s a very good and extremely timely question Peter. In the past 2 years, almost 30% of all indexed annuity carriers have been purchased by private equity firms and hedge funds. That’s a pretty big market share in...View Article