Hudson Structured Capital Management Ltd., which undertakes insurance and reinsurance investment business as HSCM Bermuda Management Company, has become the eighth specialist ILS fund manager to join the Standards Board for Alternative Investments (SBAI) as a signatory.
Hudson Structured Capital Management is a specialist alternative investment manager focused on insurance-linked securities (ILS), reinsurance and transportation-related opportunities.
Launched in 2016, Hudson Structured had more than more than $2.3 billion in assets under management as of April 1st 2020.
The company focuses on the core economic sectors that it believes are likely to outgrow global GDP, while offering investors the benefit of low correlations with broader markets.
In addition, Hudson Structured Capital Management focuses on marketplaces and opportunities where incumbents are experiencing a shift away from balance sheet and to market financing.
“Joining SBAI as a signatory further demonstrates HSCM’s ongoing commitment in seeking transparency and following best practices in the alternative investment industry,” Michael Millette, Managing Partner of HSCM Bermuda commented. “As an SBAI signatory, HSCM Bermuda will provide its current and prospective investors, upon request, a Disclosure Statement detailing our compliance with the SBAI Standards.”
As a signatory to the SBAI Standards, HSCM Bermuda commits to follow this code of best practice for alternative investment managers.
The SBAI is focused on ensuring best practice in delivering alternative investments and has worked hard to promote transparency and valuation best practice, among other key issues for end-investors.
A number of the leading ILS fund managers are already signed up to the SBAI signatory list, with Hudson Structured taking the total to eight.
Previous ILS market signatories to the SBAI are: AlphaCat Managers, Elementum Advisors, Hiscox ILS, Leadenhall Capital Partners, Nephila Capital, Securis Investment Partners LLP and Sussex Capital Management Ltd.
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