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

Steinbrugge: Will Hedge Funds Help or Hurt During the Next Market Correction?

Sep 7 2016 | 11:55pm ET

Most investors have become accustomed to quick rebounds when markets correct, but...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...