Schroders Capital has continued its robust growth and is now managing over $5 billion for insurance-linked securities (ILS) from its range of vehicles on behalf of clients.
The firm, which is active across the full spectrum of ILS instrument types and risk exposures, is now one of the largest managers of catastrophe bonds[1]. With its UCITS fund Schroder GAIA Cat Bond, Luxembourg FCP Schroder IF Flexible Cat Bond fund and a recently launched fund vehicle offering access to US investors, the team’s offering reaches many investor types across the world.
The ILS team includes 37 highly-specialised investment professionals and has a track record of almost 15 years in delivering strong, consistent and top peer group performances[2].
In October last year, Schroders Capital announced the launch of its Private Debt and Credit Alternatives (PDCA) business which comprises global credit and debt expertise in alternatives and private markets, including ILS. PDCA manages over $30 billion in assets[3].
With the growth of the ILS business, Schroders Capital announces the promotion of Daniel Ineichen and Flavio Matter as Co-Heads of ILS. They continue to report into Stephan Ruoff, Co-Head of PDCA who has also been appointed as Chair of ILS and continues to oversee the team.
Stephan Ruoff, Co-Head of PDCA and Chair of ILS, commented:
“With investor concerns over inflation and having to navigate higher for longer rates, portfolio diversification is key. Investors are clearly seeing the benefits of adding less-correlated assets such as ILS in a portfolio context.
“Fundamental indicators suggest a continuation of attractive conditions for ILS investors. Yields as well as underlying risk premiums remain very attractive as demand for insurance risk transfer remains high.
“We are extremely pleased to have reached this milestone which is testament to the team and our track record. Congratulations to Daniel and Flavio who have been key in driving the success of our business.”
[1] UCITS cat bond fund AUM hits record $11.24bn, Schroders & Twelve surpass $3bn each - Artemis.bm
[2] Source: Schroders Capital, December 2023. Past performance provides no guarantee of future results.
[3] Source: Schroders Capital, December 2023.
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Schroders Capital
Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates.
The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.
With $93.7 billion (£73.5 billion; €84.8 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).
*Assets under management as at 31 December 2023 (including non-fee earning dry powder and in-house cross holdings)
Schroders plc
Schroders is a global investment management firm with £750.6 billion (€866.2 billion; $956.9 billion) assets under management, as at 31 December 2023. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £7 billion and over 6,100 employees across 38 locations. Established in 1804, the founding family remains a core shareholder, holding approximately 44% of Schroders’ shares.
Schroders has benefited from a diverse business model by geography, asset class and client type. It offers innovative products and solutions across four core growing business areas; asset management, solutions, Schroders Capital (private markets) and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, high net worth individuals and foundations. Schroders also manages assets for end clients as part of its relationships with distributors, financial advisers and online platforms.
Schroders aims to provide excellent investment performance to clients through active management. It also channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders’ business philosophy is based on the belief that if we deliver for clients, we will deliver for our shareholders and other stakeholders.
Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.