mutual fund

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, had another strong year for its reinsurance investment strategies and ventures in 2024, which CEO Ross Stevens describes in his latest investor letter while also explaining some of what makes the firm so interesting.

After positioning itself in advance of the US hurricane season through Q2 this year, the City National Rochdale Select Strategies Fund, a US mutual insurance-linked securities (ILS) fund that invests in industry-loss warranties (ILW’s) and industry-index trigger catastrophe bonds, was relatively flat in AUM terms.

The Ambassador US mutual catastrophe bond fund strategy operated by advisor Embassy Asset Management has continued to attract inflows from investors through the Atlantic hurricane season, reaching more than $329 million in assets under management (AUM) this month.

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has reached a significant milestone in the development of its reinsurance investment franchise, hitting the $10 billion mark in assets under management (AUM), Artemis has learned.

As hurricane Beryl travelled across the Caribbean towards Jamaica, Mexico and Texas, there were minor movements in the share prices of some US mutual catastrophe bond and insurance-linked securities (ILS) funds.

Brookmont Capital Management, LLC, an SEC registered investment manager, has launched a prospectus for the Brookmont Catastrophic Bond ETF, a new exchange traded fund strategy that will be predominantly focused on the catastrophe bond and insurance-linked securities (ILS) asset class.

The Ambassador US mutual catastrophe bond fund strategy operated by advisor Embassy Asset Management has continued to expand in the busy cat bond market, driving its net assets to a new high of $263 million by July.

The City National Rochdale Select Strategies Fund, a US mutual insurance-linked securities (ILS) fund focused on investments into industry-loss warranties (ILW’s) and industry-index trigger catastrophe bonds, saw slight growth through the latest quarter of record, ending April 2024 with approximately $227.4 million of net assets.

Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has continued to add more capital to its mutual insurance-linked securities (ILS) fund strategies in the last quarter of record, reaching over $4.4 billion in net assets across these registered funds by the end of April this year.

The Ambassador mutual catastrophe bond fund strategy has continued to grow its assets under management in recent months, adding $63.3 million since we last reported on it, to reach $191 million in net assets under management.