mutual fund

Cat bond specialist and former Nephila exec Niall MacGillivray has parted ways with insurance-linked securities (ILS) investment fund manager Tangency Capital to become the dedicated portfolio manager to the Ambassador catastrophe bond mutual fund strategy.

The Ambassador Fund, a US mutual investment fund that was launched with a promise to have a core focus on catastrophe bonds, has finally allocated some capital to them in the quarter to April 30th, while also renewing a private ILW arrangement for 2023.

Stone Ridge Asset Management, the New York based asset manager an alternative risk premia focus, saw its dedicated mutual insurance-linked securities (ILS) fund assets under management (AuM) remain relatively flat in the last quarter of record, but the manager started adding catastrophe bonds and sidecar investments to another alternatives fund.

Adopting a defensive position, with respect to the 2022 hurricane season, has paid off for an industry loss warranty (ILW) focused investment strategy, according to the CEO of the City National Rochdale Select Strategies Fund.

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund assets under management (AuM) rose in the last quarter of record, seemingly driven in the main by improvements in catastrophe bond values and returns.

The Ambassador Fund, a US mutual investment fund that was launched with a core focus on catastrophe bonds but that has so far failed to invest in any, sees strong performance potential for cat bond investments, so achieving all-important QIB status and building a diversified cat bond portfolio remains its target.

Stone Ridge Asset Management’s mutual insurance-linked securities (ILS) fund that is structured in an interval style has delivered a positive annual return in the period to October 31st 2022, despite its broad exposure to hurricane Ian.

Industry loss warranty (ILW) pricing surged through the first-half of 2022, thanks to rising demand for ILW protection amid a constrained market for reinsurance and retrocession capacity, according to the CEO of the City National Rochdale Select Strategies Fund.

The Ambassador Fund, a US mutual investment fund that was launched to have a core focus on catastrophe bonds, has begun to deploy some initial capital it has raised, but with the deployment being to corporate bonds of insurance and reinsurance companies, as well as one allocation to the preferred notes of what may be […]

It feels a little negative to focus on just two ILS fund strategies in this way, but as the Stone Ridge Asset Management mutual insurance-linked securities (ILS) and catastrophe bond funds are the only ones that are priced on a daily basis, they are providing valuable insights for the rest of the ILS market in […]