PT - JOURNAL ARTICLE AU - Larry Langowski TI - Portfolio Applications for CBOT Catastrophic Insurance Spreads AID - 10.3905/jai.2000.318977 DP - 2000 Mar 31 TA - The Journal of Alternative Investments PG - 50--57 VI - 2 IP - 4 4099 - https://pm-research.com/content/2/4/50.short 4100 - https://pm-research.com/content/2/4/50.full AB - From the portfolio management standpoint, other authors have demonstrated the low covariance of natural disasters with changes in economic variables. In this article, the diversification effects of including catastrophic exposure in a portfolio are directly examined. Results show the diversification benefits of adding such alternative assets to traditional investment positions.