hedge fund

Squarepoint, a leading privately held quantitative investment manager, is pushing into insurance-linked securities, with its latest move being the hiring of Guillaume Legal as ILS Portfolio Manager, who joins the firm from his most recent position specialising in ILS at SCOR Investment Partners.

At a time where hedge funds are increasingly attracted to the insurance-linked securities (ILS) market, they are also adding significant pressure to recruitment within the space, which according to 20Twenty Search’s Jason Sykes, raises questions about its impact on talent and market stability.

In a third interval fund launched under the partnership between alternative asset manager Calamos and specialist alternative investment consultant Aksia insurance-linked securities (ILS) are a component, as the newly launched Calamos Aksia Hedged Strategies Fund (HEDGX) has an allocation to the RenaissanceRe Medici catastrophe bond strategy.

Arini Capital Management, a specialist multi-strat credit alternatives investment manager, has seemingly marked its entry into catastrophe bonds with the hiring of experienced cat bond portfolio manager Shang-Wei Ye, who is best known for his time analysing and managing cat bond fund assets at Securis.

UK defined benefit (DB) pension schemes are showing interest in hedge fund investments, as they seek to navigate market volatility and broader macro-economic uncertainty, according to broker Aon, insight which might suggest a growing appetite for insurance-linked securities (ILS) allocations again.

Across the entire roughly $4.49 billion reinsurance risk transfer tower of Florida’s Citizens Property Insurance Corporation the capital markets have taken their largest share proportionally in 2025, with around 87% of the total backed by catastrophe bonds, collateralized reinsurance markets and ILS fund managers.

Bermuda has benefited from a robust year for insurance-linked securities (ILS) and other areas of reinsurance related investment through 2020, with assets under management of investment funds located in the domicile increasing during the year, as new private and closed fund structures have also been established.

Nephila Capital, the largest dedicated manager of insurance and reinsurance linked securities, has been given an allocation for its sub-advisory role on one of giant asset manager Blackstone Group’s multi-strategy investment funds.

A new set of guidance on the treatment of passive foreign investment companies (PFICs) published at the end of last week by the U.S. Internal Revenue Service and Department of the Treasury has been modified so that the active conduct test excludes insurance-linked securities (ILS) funds, as well as other ILS and reinsurance securitization structures.

Bermuda continued to see an increase in assets under management of investment funds located in the domicile in the first-quarter of 2020, while the number of private fund structures, a popular one in the insurance-linked securities (ILS) space, continued to grow.