Aeolus Capital Management Ltd., the Bermuda based reinsurance and insurance-linked securities (ILS) focused investment fund manager, has announced another new hire, with Nicholas Jagoda from Elementum Advisors set to join the firm.
Jagoda will take on a Partner and Portfolio Manager role at Aeolus after fulfilling his obligations with ILS investment manager Elementum Advisors, LLC.
Jagoda is currently a Partner and Portfolio Manager at Elementum, having joined the company in 2009, as part of the original team that launched the ILS manager and playing a key role there since.
He began his work at Elementum as a Portfolio Management Associate and became Partner and PM in 2011.
He first became involved with investments in collateralized reinsurance in a Trading Assistant role at Stark Investments in 2006.
Andrew Bernstein, Managing Partner and CEO, at Aeolus Capital Management commented on the hire, “I have long considered Nick to be one of the stand‐out portfolio managers in the ILS asset class and I am thrilled to be adding someone of his caliber to Aeolus.
“Our ability to attract best in class talent continues to enhance Aeolus’ capabilities as a premier manager of reinsurance risk. We are excited to welcome Nick to our Portfolio Management team, Operating Committee and Partnership.”
Aeolus also recently announced another key hire in Aditya Dutt, the former leader of reinsurance firm RenaissanceRe’s ILS and third-party capital management businesses, to be a Partner and the new President of the asset manager.