Loews Corp. (L) whose company oversees $43 billion in bond from insurer CNA Financial Corp. (CNA) is counting on hedge funds to boost investment returns. 

Loews manages about $2.5 billion of hedge-fund investments, which ahve returned 5 to 10 percentage points more than three-month Treasuries for more than a decade, according to chief executive officer James Tisch of Loews.