By: Katherine Chiglinsky
MetLife Inc., the largest U.S. life insurer, is increasing bets on real estate as the company scales back investments in hedge funds.
The insurer is adding to allocations “in segments that require less capital and have more predictable income streams to us, including structured finance and mortgages,” Chief Executive Officer Steve Kandarian said Wednesday at a conference held by Deutsche Bank AG in New York. That contrasts with assets such as hedge funds, which have had “some choppy results,” he said. [Read More]