Catastrophe bond managers produced “another marquee year of returns” in 2024 and once again experienced a strong 12 months of inflows, according to analysis by Kepler Absolute Hedge, a research and data-led provider of insight into hedge fund strategies.
All in all, across the wider alternative UCITS investments fund space, assets under management (AUM) declined by 7.5%, or $17.3 billion to $230.2 billion in 2024, but while it was another year of contraction overall, the catastrophe bond market performed well.
According to Kepler, “the ILS sector once again had a strong year for flows, aided by high spreads in the market and ultimately strong performance.”
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