BlueMountain Capital Management, LLC, a diversified alternative asset manager with over $21 billion of assets, has hired well-known insurance-linked investments specialist Al Selius to run its portfolio of insurance and reinsurance linked assets.
BlueMountain is seeking to expand its presence in the insurance-linked investments space, so the hiring of Selius with his years of experience will help the manager to grow its ILS portfolio.
Selius, most recently a portfolio manager for alternative investment giant Pine River Capital, has joined BlueMountain to oversee the firms insurance-linked investments portfolio.
Selius had been with Pine River since 2013, helping the manager to build out a reinsurance and ILS investments strategy. Prior to Pine River, Selius had worked for UBS Investment Bank on structuring and trading ILS instruments.
He had previously been a managing director at Swiss Re Capital Markets, after which he joined ILS and reinsurance investments specialist Securis Investment Partners.
Andrew Feldstein, Co-Founder and Chief Investment Officer of BlueMountain, commented on Selius’ hire, “Strengthening our presence in the insurance-linked asset class reflects BlueMountain’s commitment to providing investors with a diversified, non-correlated return profile by capitalizing on opportunities across markets, asset classes, sectors, and instruments. Al’s expertise is a natural complement to our existing multi-strategy capabilities.”
Selius will work from BlueMountain’s New York office, with a focus on asset selection, analysis, underwriting, monitoring, sourcing, and risk management across the asset managers insurance-linked investment portfolio.
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