Capitolis, a provider of SaaS and structured financing products that address balance sheet management for financial institutions, has appointed Stuart Wexler as its general counsel.
FXSpotStream (FSS) has added functionality to support FX algos and allocations over its API and expects to have its first clients live in early Q3.
Ocorian, a specialist in corporate and fiduciary services, fund administration and capital markets, has appointed Kareem Robinson as Client Director – Capital Markets in the Cayman Islands.
Net Inflows of USD23.3 billion in April signaled a continued vote of investor confidence in the hedge fund industry. This result represented an increase in industry AUM of .6 per cent on the month and built momentum on the previous month’s USD19.1 billion increase in assets, according to the Barclay Fund Flow Indicator published by BarclayHedge.
After a benign catastrophe environment lasting several years, the insurance-linked securities market was tested by considerable losses following a number of natural disasters. While some investors may have been hit hard by these events, it gave others the opportunity to differentiate between ILS managers and their approaches.
After suffering considerable losses in 2017, investor faith in insurance-linked securities (ILS) might have been dented. However, investor appetite and demand for the asset class persisted as trustworthy managers with robust investment processes have shown clients they understand the risks within the portfolios they construct.
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.
Exchange Data International (EDI), a provider of global security corporate actions, pricing, and reference data services, has launched a new Foreign Ownership Limitations (FOL) service.