pension funds. arkansas, oregon, pennsylvania. it is a good question as to whether they will see what losses will look like over the weekend and decide if it is a strategy for them. another company was ibm, for example. they might say, they are uncorrelated risks over the long-term, but we need returns now. we need to not have this. once ine black swans, 100 year offense that hurt these cat bonds. epic,t: we have had two back-to-back storms. thank you both. coming up, we are nearing the one-year anniversary of when india declared most of the country's cash invalid. how has this demonetization played out? we explore with it former chief