(Bloomberg) – Hartford Financial Services Group Inc., which is among insurers pressured by low bond yields and volatile markets, is benefiting from a rebound beyond its fixed-income portfolio.
Strong returns
The annualized yield from so-called limited partnership holdings this quarter will probably exceed the company's target of 6 percent, Chief Financial Officer Beth Bombara said Wednesday at a conference held by Keefe, Bruyette & Woods. The LP portfolio includes private-equity, hedge fund and real estate investments.
"We're anticipating that we will have very strong results there," she said. "We've benefited from some very strong returns in the private-equity portion of our portfolio, as some of those funds have sold some underlying investments. That has realized some gains."
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