Investment Objective
The Securis Catastrophe Bond Fund (“SCBF”) seeks to deliver risk-adjusted absolute returns which are largely uncorrelated with the broader investment universe. SCBF invests exclusively in Catastrophe Bonds – tradable securities whose performance is linked to the occurrence of natural catastrophe events, such as hurricanes and earthquakes, which by their nature are largely independent of financial markets. Catastrophe Bonds provide post-event financing to insurance and reinsurance companies, corporations, and government entities, and represent an inherently ESG-positive asset class. SCBF seeks to generate a stable, diversifying return by investing in an active and selective manner, focused on the more risk-remote end of the market which targets lower catastrophe event frequency.
Latest Meeting Note
Meeting 02 Dec 2020
The Securis Catastrophe Bond fund launched in March 2016 and aims to generate mid-single digit returns over the cycle (the mandate is fairly conservative), with low volatility and low correlation to traditional asset classes. The strateg...
The Securis Catastrophe Bond fund launched in March 2016 and aims to generate mid-single digit returns over the cycle (the mandate is fairly conservative), with low volatility and low correlation to traditional asset classes. The strategy focusses on the more risk-remote end of the CAT bond spectrum with a core focus on bonds that have exposure to infrequent natural catastrophe events (e.g. hurricanes). A key part of Securis investment philosophy is to obtain diversification across a number of different geographic regions and perils. The risk selection process pays particular attention to the features of each transaction, such as the integrity/quality of the sponsor, associated risk modelling and scenario analysis, and historical experience, with the fund largerly benefiting from the firm’s extensive reinsurance industry knowledge (managing over $700m in the asset class).
Performance
| JAN | FEB | MAR | APR | MAY | JUN | JUL | AUG | SEP | OCT | NOV | DEC | YTD | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.1 | 0.1 | 0.8 | 0.6 | 0.5 | 0.3 | 0.5 | 0.9 | 0.6 | 0.7 | 0.0 | 0.1 | 1.0 | |
| 2023 | 1.0 | 0.7 | 0.4 | 0.4 | 0.3 | 0.5 | 0.4 | 0.4 | 0.1 | 0.5 | 0.2 | 0.4 | 1.0 |
