If further evidence was required of asset managers' current enthusiasm for catastrophe reinsurance, then the $275mn mandate that Leadenhall Partners won from the New Zealand Superannuation Fund late last month demonstrated it perfectly.
The fund first invested in the ILS sector in 2010, with an initial $250mn mandate awarded to US-based Elementum Advisors that was later increased to $300mn.
But this deal takes London-based Leadenhall Capital's total assets under management (AuM) to around $1.4bn, up from just over $1bn in...
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