A new portfolio manager has been hired by Bermuda based Validus Managers to look after their reinsurance, retrocessional and insurance-linked securities AlphaCat funds, according to this article in the Royal Gazette. Validus Managers look after over $400m of investment inflows in a number of vehicles which invest in private reinsurance, retro and catastrophe bonds.
The new hire is Paschal Brooks, who has previously been a VP in structured finance at Goldman Sachs. Brooks joins Validus Managers as an executive vice-president and portfolio manager for the AlphaCat Fund and AlphaCat High Return Fund.
Validus also operate a sidecar which launched earlier this year, AlphaCat Re 2011 Ltd. and have always said that they have a commitment to expand into capital market activities through insurance-linked securities and seek to offer superior long-term returns through their AlphaCat funds.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.