AZ Athenaeum, the joint venture between Singapore fund house Athenaeum and Italy asset manager Azimut, is set to bring a catastrophe bond to the Asian market.
The bond is one of nine Ucits funds (investment funds regulated at European Union level) being sold to accredited investors in Singapore.
Eight of the new funds are Ucits versions of existing Azimut funds, and one is an Asia absolute product, an Ucits clone of Athenaeum’s total returns Asia strategy.
A timetable for the launches was not provided.
“We are a manager of money and plan to become a manager of wealth," said Marco Cora, deputy managing director at AZ Athenaeum and Azimut's representative at the JV."
He added that AZ Athenaeum was aiming to tap segments of the market that it believes are under-served.
“If you are not very wealthy, the big banks are not interested. These clients are not receiving bespoke services. Probably they feel they deserve more interaction with managers.”
To continue reading, you need a subscription to Intelligent Insurer. Start a subscription today for £655.
In-house feature articles, the archive and expert comment require a paid subscription. Subscribe now.
Want to give it a try? We are offering a two week free trial to the Intelligent Insurer website – register and select “Two Week Free Trial” to begin access to the full Intelligent Insurer archive and read the latest news, features and expert comment. Begin your free trial here.
Is your 2 week free trial about to end? Upgrade to a 12 month subscription for £655 now.
If you have already subscribed please login.
If you have any technical issues please contact support.
AZ Athenaeum, Athenaeum, Azimut, Europe, Asia-Pacific