AIM Capital

Company profile:

AIM Capital is an investment services firm that specializes in researching, planning and implementing alternative investment strategies.

AIM Capital was founded in 2007 and is based in Helsinki, Finland. We are authorized by the Finnish Financial Supervisory Authority (FIN–FSA). Our clients are well-established Nordic institutional investors including insurance companies, pension fund managers, endowments and foundations.

Team size and structure:

9 people

Number of strategies (how many funds, sidecars or strategies):

1 – AIM Capital is also an investment manager for several other alternative investment strategy funds.

Offers private managed accounts?

Yes

Strategy:

Our core business is to manage portfolios of alternative investments either on a stand-alone basis or against various benchmarks. Our primary investment approach is to build portfolios of external funds. Our guiding principles are domain knowledge and best practices.

Our role is to add value to portfolio construction by:
• Finding and sourcing globally investment managers that provide superior skill
• Generating returns by identifying active investment strategies and alternative asset classes that provide exceptional opportunities
• Managing risk by proper due diligence and oversight

Assets under management development (year-end):

2011: $27 million, 2012: $48 million, 2013: $73 million

AIM Insurance Strategies Fund

AIM Insurance Strategies Fund invests in ILS via externally managed ILS funds. The Fund has emphasis on peak perils of catastrophe reinsurance, but it also diversifies to other insurance types.

Our investment philosophy enables an investor to capture ILS exposure in an efficient way. We focus on specialist, niche ILS managers that add value by top of the class underwriting and sourcing skills. Our exposure is predominately based on private insurance deals with less reliance on buyer-sponsored ILS vehicles such as catastrophe bonds. In portfolio construction our focus is on efficient use of invested capital.

Our approach is optimal for long-term, institutional investors as our investment focus is on those perils where insurance risk is best compensated and where diversification across managers brings substantial benefits.

Type of investment strategy (fund, sidecar etc):

Open ended fund

Launch date:

Jan 2012

Latest AuM:

$73 million

Underlying asset types:

External ILS funds

Target return:

7%-9%

Annualised return:

7.32%

Best monthly return:

2.04%

Return since inception:

16.2% (end of January 2014)

Sharpe ratio:

2.06 (with risk free rate of 2%)

Percent positive months:

81%

Annualised standard deviation:

2.6%

2013 return:

7.64%

2012 return:

7.45%