Twelve Capital hires director to focus on cat bond strategies
Twelve Capital, the independent investment manager specialising in insurance, has hired a new director within its portfolio management team who will have a principal concentration on catastrophe bond strategies.
Florian Steiger joins the firm’s Zurich office from Cape Capital, Zurich, where he set-up and managed the Cape Fixed Income Fund. Prior to this, he held roles in London and Zurich with ZAIS Group and Goldman Sachs.
Steiger focus throughout his career has been structured and illiquid credit, such as CLOs and credit derivatives, as well as subordinated bonds of European financials.
John Butler, managing partner and head of investment management at Twelve Capital, said: "We are very happy to have Florian joining the firm. Florian’s deep experience in portfolio management will further enhance our ability to generate solid returns and serve clients across the firm’s portfolios. We are delighted to welcome him to the firm."
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