The manager has put in place a temporary restriction on new subscriptions, looking to manage flows as the strategy reaches a new record size
Twelve Securis gates flagship cat bond fund | | | Twelve Securis gates flagship cat bond fund to maintain integrity as it grows  Specialist insurance-linked securities investment manager Twelve Securis has put in place a temporary restriction on new subscriptions to its flagship Twelve Cat Bond Fund, as the manager looks to manage flows as the strategy reaches a new record size. With the fund reaching a new high of US $3.8bn in assets recently, it seems Twelve Securis is looking to effectively match the fund's risk appetite to the market activity and also perhaps to the pricing environment. We understand that Twelve Securis has put in place a soft close of sorts, or a gate, on subscriptions to the Twelve Cat Bond Fund. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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