Eskatos Multistrategy ILS Fund is a Luxembourg domiciled fund managed by Eskatos Capital Management Sarl, authorized by the CSSF and also by the Bank of Italy. The Fund does not have any exposure to equity, corporate and interest rate risks being invested only in Insurance Linked Securities and contracts.

Investment Philosophy

The portfolio has been built-up by exploiting diversification in terms of geographic area, perils and assets features. The fund invests in Property&Casualty and Life exposures, both peak perils (for example US hurricane and quake, Europe windstorms, mortality, pandemic events, ….)  and specialty lines business (marine, aviation, crop, terror, political risks, ...) sourced through international brokers in the Lloyd’s of London market. The portfolio benefits from the utilization of advanced modeling financial techniques complemented with an unique ability to originate business in the market place. The resulting outcome is a truly diversified portfolio of insurance risks related assets de-correlated from financial markets. This Fund differentiates itself from the competitors for the high level of diversification that has been achieved through time.

The net target return will be 6% with a yearly volatility of 3%

Fact & Figures

Launch: 14 March 2008

• Asset Under Management: EUR 122 mio
• Objective: the main objectives of Eskatos Multistrategy ILS Fund (the Fund) is the achievement of consistently over time superior risk-adjusted returns on capital. The Fund invests exclusively into Life and Property and Casualty ILS. The exposure is acquired in the form of cat bonds, derivatives and other instruments. A tight risk control approach is implemented to closely monitor peak accumulation and risk concentration at portfolio’s level. Both the optimal capital allocation and the event set loss criteria allow the minimization of the tail fatness of the fund’s return distribution. A mosaic approach is implemented in the portfolio construction process, whereby an optimal amount of capital is allocated to each selected combination of area, perils and trigger.
• Distribution: The distribution of the Fund in Italy has been authorized by Bank of Italy, with provision n. 780 dated 16.12.2008, according to articles 42, comma 5 and 50, comma 2 of d.lgs. 58/1998