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.
Twelve Securis said in an update to investors seen by Artemis that the Twelve Cat Bond Fund has now reached more than US $3.8 billion in assets under management.
The manager’s flagship UCITS catastrophe bond fund strategy had reported US $3.66 billion of AUM at the end of March 2025, but has clearly continued to grow in now surpassing $3.8 billion in April this year.
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