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AUM Asset Management Ltd. ("AUM Asset Management"), an independent investment management company that provides investment and fund solutions, asset management and advisory services to institutional investor and family office clients around the world, announced today the launch of its ILS Ocean Fund ("The Fund"), a Cayman Islands exempted company incorporated with limited liability under the Companies Act on 4 January 2022.
The Fund invests in a globally diversified portfolio of dollar-denominated, insurance-linked securities ("ILS") instruments in a diversified set of geographies and aims to achieve an attractive return over money-market investments (risk-free rate plus 3%), with low correlation to fluctuations in financial markets through special purpose vehicles (...
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