ucits

Catastrophe bond fund strategies in the UCITS format averaged another month of positive returns in February 2025, but the difference between lower-risk strategies that tended not to have as much exposure to the recent California wildfires and higher-risk funds that tended to be more exposed to the loss event, was clear.

RenaissanceRe, the Bermuda-based reinsurance company and third-party ILS capital manager, has now officially launched its first UCITS compliant property catastrophe bond fund strategy, the RenaissanceRe Medici UCITS Fund, with $340 million of capital allocated, confirming our reporting from three months ago.

Catastrophe bond managers produced “another marquee year of returns” in 2024 and once again experienced a strong 12 months of inflows, according to analysis by Kepler Absolute Hedge, a research and data-led provider of insight into hedge fund strategies.

Man Group, a global independent alternative and active investment management firm, has made an application to establish a UCITS catastrophe bond fund under its Man AHL brand, Artemis has learned from sources.

Catastrophe bond fund strategies in the UCITS format averaged positive returns for the month of January 2025, despite the effects of wildfire related mark-downs to exposed positions, according to the latest data from the Plenum CAT Bond UCITS Fund Indices.

The Los Angeles, California wildfires have had a minimal effect on the Plenum CAT Bond UCITS Fund Indices, as the write-downs in value of exposed positions for the sector manifest largely in reduced gains being made, although resulting in a very slight decline for the Index representing the lower-risk cohort of catastrophe bond funds.

Catastrophe bond funds in the UCITS format continued their strong growth through the end of last year, reaching a new high of just over $13.8 billion in cat bond assets under management, which represents very impressive 26% growth through 2024.

Catastrophe bond fund strategies in the UCITS format have averaged a 13.62% return for full-year 2024, according to the latest data from the Plenum CAT Bond UCITS Fund Indices.

Catastrophe bond funds in the UCITS format tracked by the Plenum CAT Bond UCITS Fund Indices averaged a 1% return for November, taking their year-to-date return to an average of 12.57%.

RenaissanceRe, the Bermuda based reinsurance company and third-party capital manager, looks set to be the latest to offer a UCITS insurance-linked securities (ILS) fund, with a fund structure now registered in Ireland under its Medici brand, so presumably this will be a cat bond strategy, Artemis has learned.