Both funds are dedicated vehicles to allow participation by investors in the collateralized reinsurance market.
The Opportunities Fund has the added distinction of being the first to be listed on the London Stock Exchange.
The Opportunities Fund, which initially raised $80m in capital, is intended to offer investors the opportunity to participate in a diversified and fully collateralized portfolio of catastrophic risk with low correlation to traditional asset classes.
Jason Bibb CATCo Investment Management COO & CFO said Prime Management’s experience, capability and responsiveness have made Prime the leading provider of fund administration services to the collateralized reinsurance market and the natural choice for CATCo’s new investment companies.
Prime head of Risk-Linked Investment (RLI) team John Whiley said innovation is at the forefront of the RLI market and Prime is very pleased to be able to work with CATCo on the launch of this new and exciting product within the RLI market.
