New Bermuda ILS manager launches fund
A new Bermuda ILS (Insurance Linked Securities) fund manager, Eastpoint Asset Management, has launched a new $40 million ILS fund aimed at Asian investors.
The Asuka ILS Opportunities Fund is to be administered by ILS Fund Services, the joint venture between Bermudas Horseshoe and ISIS fund services.
Eastpoint Asset Management is backed by Asuka Asset Management
Chief executive Masahide Kitade, a former Aon Asia and Mitsubishi Corporation executive said: We are targeting Japanese and Asian investors. They are are are becoming more and interested in ILS investment as sophisticated alternative investment but they have to look across the world to find the best opportunities. I understand that overall share Asian investors in the ILS space is still said to be less than five percent therefore we believe this is considerable opportunity to us through collaboration with Asuka Asset Management.
This is the first ILS fund offered by Asuka Asset which began managing assets in 2002 and now oversees approximately $700 million in assets for institutional investors in Japan and Asia.
All-new Senate line-up for OBA
Botanical Gardens infested with rats
Family ‘hurt’ Ferguson shooter is still free
Freak accident costs landscaper a thumb
Van driver had only auxiliary cycle licence
Three made redundant at Bermuda Motors
Thousands walk for breast cancer awareness
It’s time we accept the facts about AC35
Smith-Williams guilty of Ferguson murder
Outerbridge takes over Bridal Suite Bermuda
Closer London ties would cause ‘unease’
Delight as donations flow in for Kandice
Police: six injured in Warwick crash
Everard Davis (1939-2018)
Hate U Give film-maker to attend local show
Take Our Poll