becky yerak thanks so much. >>thank you. coming up..."new money." how hedge funds are taking a cue from mr warren buffett. plus...a high profile couple uses facebook stock to help a non profit. that's next after this in the know message. ♪ ♪ ♪ ♪ ♪ hedge funds are always on the hunt for ways to make money. and one trends that appears to be forming is hedge funds putting money to work in the re-insurance industry. joining us on set this morning- randy swan, founder of swan wealth advisors. good morning randy. >>good morning and thanks for having me on. >>great to have you here. warren buffett has made a bundle in the re-insurance business. so how do you plan to use your fund to capitalize on this industry? >>well, it's definitely not a new concept. berkshire hathaway has been doing this for decades and other money managers have done this recently. it's really trying to take advantage of the premium flow to invest in our basic underlying strategy. >>so people give their money to an insurance company and then you're taking advantage of that big pool of

business reporter becky yerak wrote about this for the chicago tribune, and gosh becky, didn't they just raise the price of a stamp? obviously it ain't enough. > > they did, bill, but they need more help. you know people used to. so the post office has come up with what it calls, what it literally calls a killer app a of a to diversify its revenue base thigh and that's to get more heavily if into the financial-services industry. > > ok what kinds of things? it's not going to be offering loans is it? > > well i'll tell you what they currently offer. they currently offer money orders and international money transfer. so they're already in this business a little bit, but they're also talking about getting into prepaid cards with the post office brand, bill payment services and, yes even small loans which has banks upset. > > yeah, well they're already squawking apparently. > > exactly. > > well now you already have a lot of stores in a lot of urban areas and it does sort of seem to make sense, but is there a market for this? > > well, the post office estimates that these people who are unde