The fund aims to achieve capital appreciation through investing in a broadly diversified portfolio of assets that carry exposure to insurance risks, particularly insurance linked securities (ILS). The fund thereby seeks to generate absolute returns with a low correlation to traditional assets, such as fixed income securities or equities, as well as non-traditional investments.
Secquaero’s management has a track record of innovation in the field of insurance securitization and its strong industry ties will enable its fund management to offer investors the opportunity to gain access to a broader spectrum of ILS opportunities than is the case with most ILS funds.
As for the performance, June (+0.05%) and July (+0.32%) were the first two months of performance totaling +0.37% since inception. “This performance reflects the ramp of the investments during those months and is slightly below our target return of 9% to 12% per annum,” Mr. Ineichen specified. The fund will use a moderate amount of leverage (1.3x to 1.7x) once fully invested.
The current portfolio is composed as such: (1) Life risk, 44%; (2) non-life portfolio-based transactions, 30%; (3) Cat bonds, Property Catastrophe 1st event, Property Catastrophe 2nd event, Property Catastrophe 3rd Event.
The Swiss based investment advisor Secquaero Advisors was formed in February 2007 and aims to become a premier provider of services to clients seeking exposure to insurance-linked risk. Corporate website: www.secquaero.com
Fusion launches global macro hedge fund
From finalternatives.com: New York-based Fusion Investments has launched the Gryphon Investment Fund, a global macro strategy, to look for opportunities in equities, currencies and fixed-income markets. Half of Gryphon’s portfolio will use quantitative m......................
http://www.opalesque.com/AMB2008/46271Launches_Swiss_advisor_Secquaero_launched_new_ILS.html
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