Plenum Investments
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The manager’s conservative strategy posted returns of 7.61%.
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The firm told investors yields in the cat bond market are 'still very attractive'.
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The Zurich-based ILS manager has grown the fund by around 167% from $150mn as of mid-2021.
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The 2020 bond provides $125mn of parametric, per occurrence coverage.
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The fund is on course for its strongest year of returns since inception in 2014.
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The Florida hurricane season still has three months to run in a predicted above-average year.
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Hurricane Idalia will reach Jacksonville but will have weakened by then
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Tornados in the first six months of the year in the US were slightly above the 27-year average.
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The ILS fund now comes in at the 26th spot on Trading Risk’s ILS fund manager directory.
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The low-risk group of funds outperformed the high-risk funds in the month and year.
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The independent Swiss ILS firm has developed the index to help investors compare fund performance.
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The company said it expects portfolio positions to reflect the updated figures soon.
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