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.
Need to
Know
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
- "Your new year's resolutions for 2019"
- Quit smoking
- 4%
- Quit drinking/drink in moderation
- 7%
- Do not drink and drive
- 2%
- Lose weight
- 40%
- Stop procrastinating
- 22%
- Drive with greater care
- 2%
- Other
- 22%
- Total Votes: 2607
- Poll Archive
Comments
You must be registered or signed-in to post comment or to vote.
Published Oct 24, 2012 at 8:00 am (Updated Oct 23, 2012 at 8:12 pm)