AuM data
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The scheme’s ILS allocation has held steady at 0.7% of the total fund. -
The UCITS fund was launched in 2021 and invests in cat bonds and the money markets.
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The headline figure of $7.72bn includes $3.11bn of DaVinci equity plus debt.
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The pension scheme has been winding down its ILS portfolio in recent years.
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The ILS allocation increased in dollar terms and held steady in euros.
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The regulation now allows pension funds a more flexible benchmark for measuring alternatives.
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The hardening rate environment in Florida provided a mid-year opportunity for some, but overall there was little growth.
