Strategies
Tenax ILS UCITS Fund » Introduction

The Tenax ILS UCITS Fund invests in securities exposed to insurance risk, being it primarily natural catastrophes such as hurricanes and earthquakes. The fund takes long positions into Catastrophe Bonds, which are 144a securities issued by special purpose vehicles and providing coverage to the sponsoring re-insurance company against specific events. The floating structure of the cat bond coupons provide a solid hedge against inflation and interest rate rise, while the returns uncorrelated to global financial markets add to the investment case.

The fund is managed by Massimo Figna and Marco della Giacoma, which combine extensive knowledge in the insurance and financial market with deep understanding of the ILS market and cat bond structure.