RT Journal Article SR Electronic T1 Portfolio Applications for CBOT Catastrophic Insurance Spreads JF The Journal of Alternative Investments FD Institutional Investor Journals SP 50 OP 57 DO 10.3905/jai.2000.318977 VO 2 IS 4 A1 Larry Langowski YR 2000 UL https://pm-research.com/content/2/4/50.abstract 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.