Friday, 19 September 2014
Last updated 3 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.