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Steven Cohen's hedge fund SAC Capital could face investor withdrawals of up to $3.5bn, or more than half the $6.75bn third-party capital it manages, according to reports.
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Dexion Capital's closed-ended ILS fund DCG Iris has raised £9.3mn from its third share placement to reach a total size of £60.28mn.
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Hiscox used its newly launched Bermudian special purpose insurer Kiskadee Re to complete several collateralised reinsurance transactions at the June renewals, Hiscox senior vice president Adam Alvarez told Trading Risk.
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Scor Global Investments has raised $50mn for its Atropos ILS fund in the first third-party mandates to be awarded to the manager.
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The six-year history of ILS fund manager Pentelia Capital Management is drawing to a close after former portfolio manager and final remaining staff member Mathieu Marsan left the company this month to join Lancashire.
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Cat bond investors expect another flurry of deals in upcoming weeks, as sponsors respond to the rapid price falls that occurred during a frantic 10 weeks between March and May when $3bn of new issuance was placed.
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Hedge fund-backed reinsurer DE Shaw led the jump in collateralised capacity on the traditional reinsurance programme for Florida Citizens Property Insurance this year, according to the state insurer
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Swiss investment manager Twelve Capital has announced it will assume the investment management of Falcon Private Bank's ILS business, taking its total assets under management (AuM) close to $2bn
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Deutsche Bank is set to enter the ILS management sphere with a $100mn fund to be led by managing director Michael Amori, who has previously worked in the bank's longevity markets group, Trading Risk understands.
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ILS funds tracked by the Eurekahedge ILS Advisers Index posted an average return of 0.83 percent in April
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London-based ILS fund manager Leadenhall Capital has won a mandate from the New Zealand Superannuation Fund to construct and manage a $275mn ILS portfolio
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Dexion Capital's closed-ended ILS fund DCG Iris has raised £9.3mn from its third share placement to reach a total size of £60.28mn
