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The ruling indicated it was unlikely all claims would be dismissed, as defendants had requested. -
The fund will invest in listed and private transactions.
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The ILS manager has hit back at an attempt by the defendants to have the case dismissed.
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Euler ILS Partners and Tropical Storm Risk teamed up to produce an updated version of an earlier study.
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Moderate impacts to ILS returns are anticipated from Hurricane Milton.
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The UCITS fund was launched in 2021 and invests in cat bonds and the money markets.
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The headline figure of $7.72bn includes $3.11bn of DaVinci equity plus debt.
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Shareholders are voting to approve being wound up on 18 December.
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Strong growth in fee income builds on the favourable rating environment.
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The ILS unit’s AuM was higher by $100mn compared to $1.9bn as of 30 June.
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The fund will be denominated in US dollars and digital currencies.
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The new funds will target the US wealth market through financial professionals.
