toxicbitcoiner on Nostr: $360B asset manager in trouble because they bought insurers, then used the funds for ...

$360B asset manager in trouble because they bought insurers, then used the funds for higher risk investments. Whether it’s isolated or it spreads…🤷‍♂️

https://youtu.be/amCAIlX-wV4

quoting
nevent1q…4x7s

Is anyone else tracking life insurance and its intertwining with private equity and credit? Seems like attention on it keeps increasing, which makes me think it’s not as big of a deal as some make it out to be. It’s complex AF though, investigating it adequately would be a full time job.