Thursday, 11 February 2016
Last updated 10 hours ago
Oct 22 2013 | 12:57pm ET
Schroders has added a catastrophe-bond fund to its UCITS hedge fund platform, managed by Switzerland's Secquaero Advisors.
The GAIA Cat Bond Fund is the ninth vehicle on the Global Alternative Investor Access platform, joining products managed by Avoca Capital Management and CQS, among others. It is managed by Daniel Ineichen, who has helmed the NGAR Secquaero insurnace-linked securities fund for more than two years.
"We are very pleased to be merging the fund onto the GAIA platform, which has grown to become one of the leading UCITS distribution platforms in alternatives investment," Ineichen said. "This is an exciting asset class with a strong investment case, combining attractive returns with a low correlation to other asset classes. The floating rate structure of cat bonds provides protection against rising interest rates, which is a widely acknowledged investor concern."
The fund will invest at least 80% of its assets in cat bonds and other tradable ILS, with a focus on the U.S., western Europe and Japan.