Indicative of a broader and still developing trend we’ve been covering in recent years, of multi-asset managers adding catastrophe bonds and other insurance-linked securities (ILS) as eligible assets within prospectuses, KKR and Capital Group have begun marketing a pair of 40’s Act interval style mutual funds with ILS part of their remit.
While this is indicative of this broader trend, of ILS being added as an allowed asset class to a growing number of multi-strat funds, it’s worth highlighting this pair of asset management giants given their scale, ability to distribute fund offerings widely, historical alternatives focus and track-record in tapping relatively uncorrelated sources of return for their clients.
Capital Group manages over $2.8 trillion in equity and fixed income assets for millions of individual and institutional investors around the world, with its American Funds brand particularly well-known.
KKR is an alternatives and private markets specialist, with over $553 billion in client assets under management as of the end of 2023 and has targeted reaching $1 trillion within five years.
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