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Icosa Investments catastrophe bond fund strategy that was launched at the start of this year has now reached a new milestone in surpassing US $300 million in assets, as success in raising inflows continued in recent months.
Icosa Investments, a Swiss-based catastrophe bond investment manager founded by former Twelve Capital executive Florian Steiger and Swiss financial services and capital markets specialist Jordan Nickerson, only began its business and launched its first catastrophe bond fund at the start of this year.
The Icosa Investment Umbrella Fund – CAT Bond Fund, a Liechtenstein based fund and a UCITS strategy, was launched with an initial seed funding of around $15 million.
By April 2024, the Icosa cat bond fund had grown in assets under management terms to around $45 million.
Additional investor commitments came through in May and the fund reached $75 million of cat bond assets under management by the middle of that month, before then quickly reaching the milestone of $100 million in AUM before that month was over.
The Icosa CAT Bond Fund then reached $130 million in assets by June, before accelerating to surpass $200 million by mid-August 2024.
Now, the company has said today that the $300 million level was surpassed, saying, “We extend our sincere gratitude to our esteemed investors and our invaluable partners for their unwavering support.”
Florian Steiger, CEO of Icosa Investments, commented on the new assets under management (AUM) milestone, “Amidst the current record-high stock market conditions, investors are increasingly seeking alternative risk mitigation strategies.
“Cat bonds provide an exceptional means of diversifying portfolios against market volatility.”
Icosa Investments AG is listed in our directory of insurance-linked securities (ILS) fund managers.
English (US) ·