Plenum Investments Ltd.

Company profile:

Plenum Investments Ltd. is an independent investment manager dedicated to ILS/CAT bonds. Its investment professionals have both a capital market and a reinsurance background. Plenum puts its focus on conservative, highly diversified CAT bond strategies.

Plenum is owned by its partners, all active in the current
management or board of the company.

Plenum Investments Ltd. is registered as an investment manager under the Swiss Federal Banking Act on Collective Investments Schemes (KAG) and is therefore regulated by the Swiss Financial Market Supervisory Authority (FINMA).

Team size and structure:

10 people (portfolio management 2, origination/underwriting 3, risk management 1, product specialists 2, sales & back office 2)

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

3 – one mutual fund, two managed account

Offers private managed accounts?

Yes

Plenum CAT Bond Fund

The Plenum CAT Bond Fund aims to achieve an attractive return over money market investments by investing in a globally diversified portfolio of CAT bonds.

The management approach of the core fund aims to minimize the exposure to a single insurance event risk while achieving a moderate target return (Money Market Rates plus 400 basis points) for investors.

Our unique investment selection and management approach ensures minimal exposure in case of a natural catastrophe. Peril and region exposure is limited by investment guidelines.

The information below is as of 31.12.17 for the USD Retail Class of the fund. The performance for the institutional share class would be approximately 65bps higher because of a lower management fee.

Returns by year:

2011: -3.14%, 2012: 6.51%, 2013: 5.53%, 2014: 2.74%, 2015: 1.86%, 2016: 3.76%, 2017: 0.25%

Type of investment strategy (fund, sidecar etc):

Open-ended UCITS V mutual fund

Launch date:

6th Sep 2010

Underlying asset types:

Cat Bonds

Annualised return:

2.42%

Best monthly return:

1.26%

Return since inception:

19.09%

Sharpe ratio:

0.92

Percent positive months:

75%

Annualised standard deviation:

1.44% (36 months)

The Plenum CAT Bond Fund is registered for public distribution in

• Liechtenstein
• Germany
• Austria
• Netherlands
• Luxembourg
• Switzerland