Mr George has also started to add fresh capital to the account governed by the contract, €19.9m last year, helped by a loan from the Swiss arm of a French Bank. (He is a French citizen, but lives in Switzerland). He said the contract terms allow him to add more cash to the pot. “I can take all the money in the world and invest it, there is no limit”.
He's just now starting to use leverage ???
I wonder what kind of securities are available for purchase in that account, it must not be individual stocks or heaven forbid futures, options or any kind of leveraged ETF otherwise the insurance company would already be broke.