Japan's Asuka Launches US$40M Cat Bond Fund

Oct 25 2012 | 12:03pm ET

Japanese hedge fund Asuka Asset Management has launched its second fund investing in catastrophe bonds and other insurance-linked securities with US$40 million.

The new Asuka ILS Opportunities Fund/Trust is a joint-venture between Tokyo-based Asuka and its Eastpoint Asset Management unit, set up in Bermuda earlier this month to invest in ILS. The new fund will invest in cat bonds, industry loss warranties and collateralized reinsurance programs.

Asuka is marking the new fund to Japanese and other Asian investors, who are underrepresented in the asset class, Eastpoint CEO Masahide Kitade said. Asian investors currently own less than 5% of global ILS assets; as Kitade notes, "they have to look across the world to find the best opportunities."

Asuka has some US$800 million in assets under management.


In Depth

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note