-
ILS investors have shown that they’re not going to run from disaster losses.
-
The retro manager said the ordinary shares in its London-listed Reinsurance Opportunities Fund had gained 0.5 percent in June, trailing the 1.1 percent return from its new share class launched for 2018.
-
The fundraise comes as the firm is hiring to expand its ILS strategy.
-
The cat bond fund had invested in loss-struck ILS deals in 2017.
-
The asset manager is looking to hire an ILS portfolio manager.
-
Hatteras Funds, a North Carolina-based alternative asset manager, has launched the fifth new ILS strategy this year and joins a trend of more feeder funds being set up in the asset class.
-
Leadenhall Capital Partners has won a mandate to invest £80mn ($106.8mn) for the North Yorkshire Pension Fund.
-
ILS investors lost 7 percent on average between 30 June last year and the end of April 2018, the Eurekahedge ILS Advisers index shows.
-
There has been a $300mn growth for the London-based ILS manager since the start of the year alone.
-
The rationale behind the investment is to reduce the fund's exposure to equities.
-
Two executives, Edward Torres and Niraj Patel, are leaving the firm as it changes tack with its ILS business.
-
The alternative investment specialist has set up a new interval fund to invest in quota shares and other reinsurance instruments.