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Leadenhall Capital Partners has raised new funds worth more than $120mn over the past few months to take its assets under management to about $770mn from the start of September, CEO Luca Albertini told Trading Risk.
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Credit Suisse Asset Management expects to take a 0.2 percent hit to the net asset value (NAV) of its Low Volatility Plus Iris fund as a result of Hurricane Isaac, according to a disclosure from the listed DCG Iris fund.
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Chicago-based ILS fund manager Elementum Advisors has signed up two executives to new roles which the firm says will significantly strengthen the depth of its legal and operational infrastructure.
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Strong growth prospects for the ILS market are likely to depress reinsurance prices and pose a challenge to traditional reinsurers, Credit Suisse analyst Michael Zaremski said in a research note.
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Reinsurers are revising their view of the role they play in the convergence markets as they increasingly target third party funds management business, according to various commentators
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Dexion Capital says it expects follow-on share issuances to be easier after raising just £40mn from the float of its ILS closed-ended fund DCG Iris
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Dexion Capital has raised £40.1mn, less than half the targeted £100mn, for its new listed ILS fund DCG Iris
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RMS adds mortality to life model; Perils places $1bn; DaVinci affirmed; Glacier extended; Juniperus rebrands
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Dexion Capital was due to close subscriptions to its proposed DCG Iris fund on 15 June, after Trading Risk went to press, as the fund manager made its second attempt to list a closed-ended ILS fund.
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Luxembourg-based ILS fund manager Eskatos Capital Management has taken in a number of small new mandates since the start of the year amounting to about EUR30mn to take assets under management in its flagship Multistrategy ILS fund to EUR135mn.
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Institutional investors are continuing to swell the convergence market as a stream of new mandates were approved before the official start of the US wind season on 1 June, Trading Risk understands.
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Leadenhall Capital Partners has hired Simon Mason as an analyst to help with portfolio management and risk management.