Memphis, Tennessee based alternative investment focused independent manager and advisor Gerber Taylor has launched a dedicated insurance-linked securities (ILS) fund-of-fund strategy to help its clients access the ILS asset class more efficiently.
The GT ILS Fund, LP has been established in the Cayman Islands, according to an SEC filing, and Artemis understands from sources that the underlying fund is a multi-manager strategy, which sees the funds assets allocated to a number of leading ILS fund managers.
Gerber Taylor manages somewhere north of $5.3 billion of assets, with another $7.5 billion or more under advisement, and the manager has been investing in ILS for some time on behalf of its clients it seems.
The GT ILS Fund offers Gerber Taylor a way to bring a portfolio of ILS manager’s strategies to its clients, likely with direct qualified investors allocating into the fund, as well as some of the Gerber Taylor multi-asset class strategies as well.
This is an efficient way for a multi-asset class manager to create a way to offer a more balanced spread of the ILS market to its clients, than through a single ILS manager alone.
According to the SEC filing, the GT ILS Fund LP was formed in the Cayman Islands in 2016 and in its current offering the filing reflects a total amount sold of almost $150.7 million.
Being an SEC filing it is not possible to understand whether that amount has all been raised in this specific offering, or whether that is a total since the GT ILS Fund was launched.
It’s encouraging to see another multi-asset class independent manager focusing on ILS as a significant diversifying investment opportunity for its client-base.
By establishing its own fund-of-funds strategy, Gerber Taylor has shown a forward-thinking approach to bringing its client-base ILS returns from a number of the markets investment managers.