Fairfax takes a $1bn+ Q4 investing loss exiting hedges
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Fairfax takes a $1bn+ Q4 investing loss exiting hedges

Ted Bunker
17 February 2017
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Fairfax Financial, in the middle of raising cash to buy Allied World Assurance for almost $5bn, reported a net investment loss that topped $1bn in the fourth quarter, erasing an operating profit mainly derived from its insurance subsidiaries.

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