•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Opalesque Exclusive: Swiss advisor Secquaero launched new ILS fund with seeding from reinsurer By Benedicte Gravrand, Opalesque London: Portfolio manager Daniel Ineichen recently announced the May 2008 launch of the Secquaero ILS Fund. “It was done with a seed money commitment of $50m from one of the globally leading re-insurance companies,” he added.

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 port......................

To view our full article Click here