John has over 26 years of fixed income, FX options, and interest-rate-derivatives structuring and trading experience. Prior to forming Fermat Capital with his brother Nelson in 2001, John was head insurance-risk trader at Lehman Brothers, an officer of Lehman Re Limited and a state-appointed advisor to the Florida Hurricane Catastrophe Fund. John's work in catastrophe bonds was featured in a Michael Lewis' cover article for the New York Times Magazine ("In Nature's Casino", 26 Aug 2007). John has testified as an expert witness on alternative risk-transfer markets before the U.S. Congress and in 2015 was appointed to the Advisory Committee on Risk-Sharing Mechanisms (ACRSM) by the U.S. Department of the Treasury. John received a Ph.D. in biophysics from Harvard University (1991) and a B.S. in physics from M.I.T. (1988). He is based in Connecticut.
16 July 2019Exotic ILS Perils: Why Bother?
Fermat Capital’s John Seo, manager of GAM Investments’ ILS strategies, discusses exotic ILS perils, such as terrorism, and why exposure to these risks can be a useful addition to a portfolio, albeit with relatively small weightings at present.
21 May 2019Insurance-Linked Securities: True Differentiation
Non-directional strategies have come to the fore in the current post-peak environment. Fermat Capital’s John Seo highlights the fact insurance-linked securities (ILS) are fundamentally uncorrelated with the broader market and insulated to an extent from macro issues such as the economic cycle, interest rates and the political environment.
17 January 2019Outlook 2019: Non-Directional Investments
We asked a number of our fund managers to consider why non-directional investment strategies might be of interest in a more challenging post-peak environment.
8 January 2019Outlook 2019: key themes
We asked a number of our fund managers to highlight the key themes they are looking out for in 2019 and what the impact is likely to be for their respective asset class.
11 December 2018Insuring natural disasters: mind the (disaster) gap
As we reach the conclusion of another active hurricane and wildfire season, John Seo discusses how insurance-linked securities are filling the large gap left by the reinsurance industry and may offer genuine diversification for investors.
6 December 2018Outlook 2019: key events
We asked a number of our fund managers which key events they are looking out for in 2019 and what the impact is likely to be for their respective asset class.