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

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 cut back tail threat publicity, changing into the Plenum CAT Bond Defensive Fund.

The 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, apart from the inclusion of the phrase Defensive in its title from Could third, so the funding technique, threat 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 threat/return profiles within the CAT Bond phase, we’ve determined to incorporate a reference to the fund positioning into the fund title. It will assist to distinguish it from the prevailing Plenum CAT Bond Dynamic Fund, which targets market common threat.

“The funding goal of the Plenum CAT Bond Defensive Fund is to pursue a discount of the market tail threat by as much as 50%. The Plenum CAT Bond Defensive Fund is due to this fact probably the most conservative CAT bond funds on the 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 threat 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 resolution to alter the fund title serves solely to enhance the fund’s differentiation amongst CAT Bond funds.”

Grünig added, “On behalf of your complete Plenum group, 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.