While mutual fund companies and investment banks have had meteorologists on their trading desks for almost 30 years, the practice apparently is increasing-affecting portfolio managers' trading decisions not only of commodities, power, utilities, agriculture and energy securities, but also consumer goods, transportation, construction, infrastructure, shipping and leisure. In addition, in the past 10 years, the insight of meteorologists on the trading floor has led to the development of weather risk management tools-futures, derivatives and insurance.

Bringing a meteorologist on board certainly makes sense, especially in light of global warming and increasingly unpredictable weather, and is one of the more innovative developments we've heard about in the investment management industry in a long time.

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