
The Icosa Cat Bond Fund, the catastrophe bond fund strategy distributed by Icosa Investments, has continued to attract new inflows from investors in recent months, now growing the fund to US $428 million in assets as of this week.Having , when it had just surpassed US $300 million in cat bond assets under management, the strategy has grown by roughly 43% in just over three months.Icosa Investments, a specialist catastrophe bond investment manager founded in Switzerland by former Twelve Capital executive Florian Steiger and Swiss financial services and capital markets specialist Jordan Nickerson, only .The Icosa Investment Umbrella Fund – CAT Bond Fund, a Liechtenstein based UCITS strategy, was launched with an initial seed funding of around $15 million.
The Icosa cat bond fund had more than doubled in assets under management terms by April 2024, reaching around $45 million.After which, additional investor commitments drove the fund to $75 million of cat bond assets under management by the middle of May 2024, before then .The Icosa Cat Bond Fund then grew to $130 million in assets during June, before .
Before the end of last year the $300 million milestone was surpassed and Icosa Investments has continued to raise new capital to expand the fund to the new high of $428 million as of this week.Florian Steiger, CEO of Icosa Investments, commented to us that, “Reaching this milestone in just over a year means a great deal to us.We’re truly grateful for the trust of investors.
“From the very beginning, we’ve believed that a balanced risk-return profile, aligned interests, and honest, transparent communication are essential not only for delivering strong performance but also for building lasting relationships.” , managers’ have a good opportunity to continue attracting new capital from investors, helped by the fact the asset class continues to gain in profile terms as well..All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.
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Publisher: Artemis