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Research by Kepler Absolute Hedge showed that seven out of the 10 best-performing alt credit funds were cat bond strategies. -
AuM stood at $1.5bn as of 30 September, up from $1.2bn as of January 2023.
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The Zurich-based ILS manager has grown the fund by around 167% from $150mn as of mid-2021.
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Artex hopes the rebrand will bring greater efficiency and a higher level of service to clients
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A new pooling structure allowed the firm to free up historic side pockets and provides a template for future exit options.
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Steiger is said to be moving to an “entrepreneurial” role after more than six years with the Zurich-based firm.
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With more ILS managers chasing the popular bond space, how will new operators differentiate themselves?
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The ILS sector grew in the context of 0% interest rates historically.
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Hiscox said outflows from the ILS unit were offset by "record returns" in Q3.
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De Klerk spent a decade at Artex Risk Solutions, where he created special purpose insurers and closed cat bonds.
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The investment manager held its outlook at strongly overweight for cat bonds, retro and private ILS in Q4.
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Prior-year cat loss years that are finally shaking out drove fee benefits in Q3.
