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

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of