Fermat Capital Management has secured $1.7bn in new inflows to two of its catastrophe bond-focused funds since early April, rebounding quickly after parting ways with GAM Holding AG, according to a report by Bloomberg.
The breakup, announced 7 April, ended a $3bn co-managed mandate in insurance-linked securities, which GAM has since moved to Swiss Re.
Although Fermat briefly saw a dip in assets under management, fresh capital has more than offset the outflows.
