Twelve Capital’s UCITS Cat Bond Strategy reaches $550m

In less than two years, investment manager Twelve Capital’s Irish UCITS based Cat Bond Strategy has reached close to $550 million through distribution activities across Switzerland, Germany, Netherlands and the UK. Twelve Capital currently manages in excess of $1.3 billion in liquid cat bonds and its track-record in managing ILS strategies will reach 10 years in 2020.

Despite a challenging market environment, Twelve Capital said its cat bond strategies have managed to deliver attractive investment performance over the past years.

Florian Steiger, responsible for the Cat Bond Strategy, said: “The ongoing repricing with cat bond spreads at multi-year highs allows investors to enter the cat bond market at an attractive time. We continue to see strong interest in the asset class in general and into our strategies and look forward to growing our cat bond business further.”

Urs Ramseier, Twelve Capital CEO and CIO, added: “The strong performance of Twelve’s Cat Bond Strategy highlights the benefits of its knowledge across the entire balance sheet of insurance companies. Its products and expertise include insurance debt, private ILS and insurance equities, which provide significant insight into sector trends and investment themes. As Twelve Capital nears its 10th anniversary this year, we have been upgrading our analytical approach and investment processes in order to ensure continued investment success in the coming years.”