Wednesday, 17 December 2014
Last updated 3 hours ago
Mar 12 2010 | 8:01am ET
A group of British pension funds has poured US$340 million into a catastrophe reinsurance hedge fund.
The allocations were made by 11 U.K. pensions in the second half of last year to the US$2.6 billion fund, managed by Nephila Capital. The Man Group owns 25% of Bermuda-based Nephila.
“Insurance payouts for damages caused by hurricanes Gustav and Ike and the heavy investment losses and liquidity constraints brought about by the financial crisis have led to a major market shakeout,” Nephila’s Greg Hagood told Investment & Pensions Europe. “Remaining participants, such as Nephila, have therefore been able to capitalise on this opportunity and charge higher catastrophe premiums.”
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.