Swiss-based Decision Analytics Advisory Partners AG, creators of the Next Generation Absolute Return UCITS vehicle, has launched the Secquaero ILS UCITS fund reporte
Swiss-based Decision Analytics Advisory Partners AG, creators of the Next Generation Absolute Return UCITS vehicle, has launched the Secquaero ILS UCITS fund reported UCITS Hedge this week. It was approved by Luxembourg authorities early this month as a sub-fund of the Next Generation Absolute Return Lux-domiciled SICAV. Swiss-based Secquaero was established in 2007 and specializes in providing insurance-linked securities to investors. This new UCITS – Next Generation Absolute Return-Secquaero ILS Fund – will be an onshore variation of the firm’s non-UCITS insurance-linked securities fund launched in May ’08. Decision Analytic’s managing partner Fred Sage (pictured) said that the fund’s launch was a testimonial to the Next Generation business, which includes “the careful selection of alpha generating boutique investment management firms to manage our funds”. “The fund will focus on the liquid end of the insurance-linked spectrum, with a stronger bias towards cat bonds, but also investing in other insurance risks which are compliant with the UCITS III rules,” Secquaero chairman and managing partner Dirk Lohmann was quoted as saying.
