Funds
The peak perils of hurricane and earthquake receive the most attention when catastrophe risk gets transferred in the insurance-linked securities (ILS) market. However, non-peak perils can contribute risk to ILS investments that may be difficult to quantify and easy to overlook. This is one reason why proprietary analysis is critical in this space.
Interest in insurance-linked securities (ILS) is moving beyond catastrophe instruments, although this is the most mature sector. There is growing appetite for climate related impact products and specialty insurance lines focused on issues like aviation, terror and cyber.
By A Paris – Large institutional investors are throwing their weight behind insurance-linked securities (ILS) with considerable allocations and mandates being handed down, despite the challenges experienced in the space since 2017. The asset class, particularly catastrophe (cat) bonds, proved resilient through the Covid-19 pandemic, living up to its diversification credentials. Further, with sustainability in investors’ crosshairs, ILS which account for climate change risk are also growing in appeal.
Calderwood, a Cayman Islands boutique fund governance firm, has further expanded its senior team with the appointment of Laura McGrath as an independent director. McGrath is an accomplished board chairperson, attorney, and business executive. She possesses broad experience across operational, legal and compliance matters, also bringing business management expertise to board leadership positions.
McGrath has 23 years of experience in the financial services industry – with over 20 years specifically in hedge and private equity fund services. She has served as a director on Cayman Islands hedge fund boards for over 15 years, and has previously been a board director
Prosek Partners, a global financial marketing communications and special situations firm, has acquired a stake in Blue Dot Capital, a boutique sustainable finance consulting firm with expertise and experience in advising investment-management firms on developing comprehensive Environmental, Social and Governance (ESG) and impact investing capabilities.
Magma Capital Funds (Magma) has launched the Obsidian Fund, a new investment product that will provide current and former professional athletes access to an actively managed, artificial-intelligence driven fund model.
Constructed as a sister fund to Magma’s Total Return Fund, Obsidian is designed for all market environments, with the goal of providing consistent returns no matter the direction of the market. The fund leverages machine learning techniques and an advanced neural network to break down each day’s market activity into three volatility states, which informs how the fund’s systematic strategy deploys its assets.
“At Magma, we view money as the
Start-up and emerging hedge funds must increasingly look towards creative techniques and solutions when it comes to getting in front of allocators and raising capital.
Speakers at last week’s HedgeweekLIVE North America Emerging Managers Summit outlined how the manager-investor dynamic has altered as a result of the Covid-19 pandemic, with networks and relationships now fostered across a “hybrid” model that encompasses face-to-face meetings and digital conferencing.
“The game has changed,” said Nick Pepe, managing partner and COO of Mill Hill Capital. “The hurdles to get in front of top-tier allocators in my opinion are much lower right now, but the road to
MOSS, the environmental platform that tokenisee carbon credits, has partnered with Argentium Digital Asset Management Limited for the purchase of MOSS’s MCO2 carbon credits as part of the hedge funds’ carbon-neutral investment approach.
As part of the arrangement, Argentium will purchase and ‘burn’ the required number of MCO2 tokens to ensure both the fund and the company operate on a carbon-neutral basis.
“We’re pleased to see the growing trend toward environmental consciousness and solutions among those in the digital currency space,” says Luis Felipe Adaime, CEO and founder of MOSS.
“We recognise that our trading activity necessitates the use of
The Covid-19 pandemic is opening up a deeper discussion around more business functions becoming permanently outsourced, particularly among start-up and emerging hedge funds battling against budgetary constraints.
Speakers at the fourth annual HedgeweekLIVE North America Emerging Manager summit this week discussed how approaches towards outsourcing – traditionally the next step on the emerging manager journey after launch – have dramatically changed as a result of the coronavirus crisis and remote working.
Jack Seibald, managing director and global co-head of prime brokerage and outsourced trading at Cowen, believes the pandemic has accelerated what had already been a meaningful upward trajectory in terms of outsourced
The SS&C GlobeOp Forward Redemption Indicator for June 2021 measured 2.68 per cent, up from 2.46 per cent in May.
