GVF Insurance Linked Securities (ILS) Fund
Clarien Investments Limited (CIL) is excited to present the first Bermuda based multi-manager ILS fund.
The Insurance Linked Securities Fund seeks to achieve attractive risk-adjusted returns that are demonstrably uncorrelated with traditional asset classes by investing, directly and indirectly, in a diversified portfolio of insurance-linked investments.
The ILS Opportunity
Access:
- Clarien has unprecedented access to intellectual capital as the leader in the Bermuda-based listing of Insurance Linked Securities
- Clarien’s depth of talent in asset management is focused on mandates and alternative mandates that maximize client risk-adjusted return
- Bermuda is the largest supplier of cat reinsurance to US insurers
- Bermuda is home of underwriting operations of more than 30 major international (Re)insurance firms
- Bermuda is long respected as the ‘World’s Risk Capital’ and market leader in ILS and alternative capital.
- Bermuda has been at the forefront of risk innovation for over 70 years.
- BSX has over 95% of global market cap of outstanding ILS securities.
Enhanced Portfolio Returns:
- Uncorrelated and attractive risk adjusted returns
- Access to a market normally only accessible to institutions and pension funds
- Underlying managers employ an opportunistic risk allocation approach
- Managed by a team with deep experience in the insurance space
For additional information, please contact your Relationship Manager, or email privatewealth@clarienbank.com.
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Miguel DaPonte, CFA
EVP, Chief Wealth Management Officer
Mr. DaPonte is a CFA charter holder who obtained an MBA from the Richard Ivey School of Business at the University of Western Ontario. Prior to joining Clarien, Mr. DaPonte was the SVP Investments and Pensions at a local insurance company. During that time, he was responsible for the asset allocation and manager selection of the balance sheet assets of the firm and headed the company’s defined contribution pension business. Prior to that, he was Assistant Vice President at a global annuity and life insurance company, where he monitored and advised on investment portfolios totaling over $12 billion.
The formative years of his career were spent at an investment advisory service firm as a Senior Investment Analyst, where he managed global equities and fixed income portfolios.
In his new role as Chief Wealth Management Officer, Mr. DaPonte will be tasked with leading and overseeing Clarien’s Wealth Management business and all associated teams, including but not limited to: Private Banking, Investment Management (Clarien Investments Limited) and Trust Management (Clarien Trust Limited), including Family Office and Clarien Corporate Services Limited.
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Qing Lutkin (Judy), CFA
VP, Head of Research & Asset Management
Judy is focused on development and execution of investment strategies for private client portfolios and institutional investors. Prior to joining Clarien, Judy was Portfolio Manager for PRP Performa Ltd., where she provided customised investment solutions for captive insurance companies and institutional investors.
Previously, Judy was a Manager of Market Strategy at Saint-Gobain China, a subsidiary of the French Fortune 500 company. She earned an MBA in international business from the University of Birmingham, UK and a BSc in economics from Hubei University, China. She holds the Chartered Financial Analyst designation.
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David Tavares, CFA
Senior Portfolio Manager
With over a decade of investment and insurance experience in Bermuda and the U.S., David has accrued a deep knowledge of portfolio management, financial analysis and reporting, as well as group insurance underwriting. As the Senior Portfolio Manager at Clarien, David oversees the development and execution of investment strategies for ultra-high-net-worth, high-net-worth and family office clients, helping them to achieve their financial goals and objectives. In addition to being directly responsible for the day to day management of discretionary portfolios, David also manages the Global Voyager Alternative Investment Fund and the ILS (Insurance-Linked Securities) Fund.
Formerly a Senior Wealth Manager at Argus Wealth Management, David also served as an Operations Manager and Financial Analyst at the company during his seven year tenure. Prior to that, he held various roles in the insurance industry at Argus in Bermuda, and Sun Life Financial in Wellesley, Massachusetts. David holds a BBA from Mount Saint Vincent University in Halifax, Canada, is a CFA charterholder, and has an ALMI designation.
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Henry Hernandez
Junior Portfolio Manager
During his more than 15 year career in the financial industry, Henry has garnered extensive knowledge of treasury banking management, financial reporting, trading, and portfolio management. In his current role as Junior Portfolio Manager at Clarien, Henry is responsible for the development and execution of investment strategies for Private Client portfolios. His role also includes research and other investment related support functions needed to manage client portfolios, as well as offering technical sales support for Clarien’s wider Wealth Management business. Henry also sits on the CIL Investment Committee, helping to contribute to both strategic and tactical asset allocation positioning.
Prior to joining the Bank in June 2022, Henry worked for nearly three years as a Head Trader/ Manager at ACM Bermuda Ltd, where he helped to build portfolios for clients tailored to their financial goals and constraints. After graduating with a Bachelor of Business Administration in 2007, he began working as a trader at Banco Exterior in Venezuela while also studying simultaneously for his Master’s degree in Financial Institutions. Once that accreditation was attained, Henry was hired to work at Bancaribe Curacao, where he managed a long-term proprietary portfolio and acted as a broker for clients in various different asset types (Fixed Income, Equity and Structured Products). In August 2021, he passed his CFA Level 1 Exam.
Account Types
Clarien Smart Solutions
- Digital Account Opening
- Digital Account Maintenance
- Clarien iBank
- Clarien iTrade
- Clarien iInvest
- Clarien iBank
- Clarien MasterCard® Debit Card
- Clarien VISA® Credit Card
- My Rewards App
- Clarien Wealth Management Lending Solutions
- Clarien Pre-Approved Offers
- Trust and Family Office
- Corporate Services
- Global Voyager Funds Ltd.
- International Equity Fund
- GVF North American Founders Fund
- GVF Insurance Linked Securities (ILS) Fund