Credit Suisse launches UCITS cat bond fund, with Gawron & Brogli hires

Credit Suisse launches UCITS cat bond fund, with Gawron & Brogli hires

Credit Suisses Insurance Linked Strategies group has its very first UCITS catastrophe bond fund offering, after employing the group that ran the Lombard Odier feline bond technique and combining its fund into a new Credit Suisse fund product.The plan sees the UCITS disaster mutual fund that had actually been introduced by Lombard Odier Investment Managers (LOIM), the property management arm of Swiss private banking group Lombard Odier, moving over to Credit Suisse together with its portfolio management group.
Lombard Odier had actually introduced the feline bond fund back in 2016, however we comprehend the strategy had never really got the scale needed to become a considerable offering for the private bank.
Now, the UCITS certified Lombard Odier Funds– CAT Bonds has actually been combined into a recently created structure named CS Investments Funds 4– Credit Suisse (Lux) Cat Bond Fund as of January 18th 2021.
The brand-new Credit Suisse (Lux) Cat Bond Fund will embrace a comparable financial investment objective and technique as the former Lombard Odier Funds– Cat Bonds, without any substantial changes for current investors in the UCITS feline bond fund technique.
Previous Lombard Odier employees and portfolio managers of the cat bond fund Gregor Gawron and Marc Brogli have now both signed up with Credit Suisse Insurance Linked Strategies in portfolio management roles and will continue to cover the new Credit Suisse (Lux) Cat Bond Fund.
The Credit Suisse ILS group sees the new launch as a complementary offering to its existing variety of ILS financial investment products, with a UCITS managed catastrophe bond item that has a performance history of more than 4 years and uses its financiers weekly liquidity.
Niklaus Hilti, Head of ILS at Credit Suisse Insurance Linked Strategies, stated that, “We are very thrilled to have Gregor and Marc on board– they bring a long and deep experience.”
The feline bond fund had around $96 million of possessions at the end of December 2020 prior to this relocate to Credit Suisse, according to Artemis information on ILS funds and their managers.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!