The first asset manager specialising in cat bonds has been authorised in Sweden as Entropics Asset Management receives its license from Finansinspektionen, the Swedish Financial Supervisory Authority.
Entropics, which has been authorised to carry out “discretionary portfolio management”, will be one of the first ten managers worldwide to offer UCITS-compliant cat bond funds.
“Entropics management aim is to deliver good risk adjusted returns, with very low correlation to other asset classes. To investors, this means that the SEF Entropics Cat Bond Fund can be expected to contribute to better diversification and less volatility in a traditional portfolio,” said Robert Lindblom, Entropics chief executive officer.
The approval will enable Entropics to assume discretionary management assignments. In the autumn, Entropics will start managing the SEF Entropics Cat Bond Fund in cooperation with Swedbank.
Entropics was founded in the autumn of 2013. Its founders Robert Lindblom and Gunnar Roos have gathered an eight person team with more than 100 years collective experience from reinsurance and risk management.