Blue Capital Management

The fund makes a 1.38 percent loss in the first five months of the year.

The London-listed Blue Capital Alternative Income Fund reported a 0.61 percent increase in net asset value (NAV) for the month of April, following Sompo International’s decision to put the fund into run-off.

Sompo International’s chief financial officer Mike McGuire said the firm remained committed to its Blue Capital platform after deciding to put its London-listed fund into run-off this week.

The Sompo International subsidiary will recommend the listed fund be wound down.

Blue Capital Reinsurance Holdings reported a $0.5mn profit for the first quarter.

The London-listed Blue Capital Alternative Income Fund reported a 2.62 percent drop in net asset value (NAV) for the month of March, due to spiralling Hurricane Irma losses.

Blue Capital reported a 0.03 percent loss in February for its London-listed Alternative Income fund, as an ILS industry benchmark is also showing negative returns for the month based on current data.