Alpina takes over Falcon cat bond funds, transforms them to ESG compliant

Alpina takes over Falcon cat bond funds, transforms them to ESG compliant

Alpina Capital, through its Alpina Fund Management S.A. unit, has actually taken control of the management and circulation of the Falcon Private Bank catastrophe mutual fund and is transforming them into ESG compliant strategies under the EU taxonomy.Alpina Capital obtained Falcon Fund Management (Luxembourg) S.A. at the end of 2020, taking control of business and retaining many workers, with the catastrophe mutual fund moving over as part of the deal.
Daniel Nikolovski, CEO and founder of Alpina Capital, described, “With this acquisition, we are continuing to expand our offering for both our private and institutional customers, and we will be even better positioned to help them achieve their ambitious objectives. At the very same time, this deal represents a turning point in Alpina Capitals growth method.”
There were two Falcon branded disaster bond funds, one lower and one greater risk/return, both of which are portfolio handled by professional feline bond, reinsurance and ils financial investment supervisor Solidum Partners AG.
The funds were formerly handled by ILS expert Twelve Capital, however shifted to Solidum management in 2019.
The catastrophe bond funds will now sit under an entity trading as Alpina Fund Management S.A. and a rebranding of the funds to fit with the Alpina name is likewise occurring soon.
The funds are presently branded the Solidum-Falcon Insurance Linked Strategy Fund, and the Solidum-Falcon Insurance Opportunities Fund which is the greater risk/return method of the two.
The Solidum-Falcon Insurance Linked Strategy Fund has properties under management of $38.4 million, while the Solidum-Falcon Insurance Opportunities Fund has AuM of $18.2 million. Solidum Partners handles around $310 countless disaster bond possessions in total, having its own funds in addition to sub-advising these methods.
The cat mutual fund will soon be relabelled as the Solidum-Alpina Insurance Linked Strategy Fund and the Solidum-Alpina Insurance Opportunities Fund.
Alpina Capital recognises the ecological, social, governance (ESG) chance and so remains in the procedure of changing the 2 feline mutual fund into ESG compliant cat bond fund strategies.
The funds are being classified under the EU Taxonomy for ESG, with the lower-risk Insurance Linked Strategy Fund under Article 8 of the EU Taxonomy, Financial products with social or environmental attributes (Article 8– Light Green), and the higher danger Insurance Linked Opportunities Fund under Article 9 of the EU Taxonomy, Sustainable monetary items with a designated sustainability impact (Article 9– Dark Green).

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