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Plenum renames flagship cat bond fund to Plenum CAT Bond Defensive Fund


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Plenum Investments, the Zurich-headquartered supervisor of insurance-linked securities (ILS) and associated belongings, has renamed its longest-standing disaster bond fund technique, including the phrase “defensive” to replicate its technique to scale back tail danger publicity, changing into the Plenum CAT Bond Defensive Fund.

plenum-investments-logoThe supervisor’s flagship Plenum CAT Bond Fund, because it was beforehand referred to as, has a observe document courting again to September 2010, so is without doubt one of the longest-standing methods available in the market.

Nothing else has been modified in regards to the UCITS cat bond fund technique, other than the inclusion of the phrase Defensive in its title from Could third, so the funding technique, danger positioning, regulation and distribution stay the identical.

Dirk Schmelzer, Head Portfolio Supervisor ILS/CAT Bonds and Associate at Plenum Investments AG, commented, “As we provide two funds with totally different danger/return profiles within the CAT Bond phase, now we have determined to incorporate a reference to the fund positioning into the fund title. This can assist to distinguish it from the present Plenum CAT Bond Dynamic Fund, which targets market common danger.

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“The funding goal of the Plenum CAT Bond Defensive Fund is to pursue a discount of the market tail danger by as much as 50%. The Plenum CAT Bond Defensive Fund is due to this fact probably the most conservative CAT bond funds on this planet.”

Plenum additionally operates a self-imposed restriction on capability for its cat bond funds, which it believes helps to make sure competence by way of danger and funding choice, in addition to offering optimum liquidity phrases for its traders.

Dr. Rainer Grünig, CEO and Managing Associate, additional defined, “The brand new title will present extra transparency and assist traders to match the fund with friends. Our choice to vary the fund title serves solely to enhance the fund’s differentiation amongst CAT Bond funds.”

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Grünig added, “On behalf of the complete Plenum crew, I want to take this chance to thank all those that have made the success of our USD 1 billion CAT Bond Fund product line attainable.”

Plenum Investments is simply one of many specialist managers of cat bond and ILS fund managers listed in our Insurance coverage Linked Securities (ILS) Funding Managers & Funds Listing.

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