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:

1. Clarien has unprecedented access to intellectual capital as the leader in the Bermuda-based listing of Insurance Linked Securities
2. Clarien’s depth of talent in asset management is focused on mandates and alternative mandates that maximize client risk-adjusted return
3. Bermuda is the largest supplier of cat reinsurance to US insurers
4. Bermuda is home of underwriting operations of more than 30 major international (Re)insurance firms
5. Bermuda is long respected as the ‘World’s Risk Capital’ and market leader in ILS and alternative capital.
6. Bermuda has been at the forefront of risk innovation for over 70 years.
7. BSX has over 95% of global market cap of outstanding ILS securities.

Enhanced Portfolio Returns:

1. Uncorrelated and attractive risk adjusted returns
2. Access to a market normally only accessible to institutions and pension funds
3. Underlying managers employ an opportunistic risk allocation approach
4. Managed by a team with deep experience in the insurance space

For additional information, please contact your Relationship Manager, or email privatewealth@clarienbank.com.

Miguel DaPonte, CFA

Senior Vice President Investment Management

Mr. Da Ponte is a CFA charter holder and obtained an MBA from the Richard Ivey School of Business at the University of Western Ontario. Prior to joining Clarien, Miguel was SVP Investments and Pensions at BF&M Group. 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 BF&M he was Assistant Vice President at Scottish Re Group Ltd. where he monitored and advised on investment portfolios totalling over $12 billion. The formative years of his career were spent at Bermuda Investment Advisory Service as a Senior Investment Analyst where he managed global equities and fixed income portfolios.

Qing “Judy” Lutkin, CFA

Vice President and Head of Investment Strategy

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.

Alessandro Sax, CFA

Portfolio Manager – NCB Capital Markets (Cayman) Ltd.

Licensed under the Securities Investment Business Law in the Cayman Islands, Alessandro has a passion for investment research and brings many strengths to the Clarien investment committee, including a deep knowledge and experience in portfolio management. 

Prior to joining NCB Capital Markets (Cayman) Ltd., he spent over ten years in multiple roles with institutional asset management firms RBC DS Global, Beutel Goodman Company and Guardian Capital LP. During his tenure, he had a variety of senior roles including Discretionary Portfolio Manager and Director of Investment Services. 

Alessandro graduated with a Bachelor of Administrative and Commercial Studies (Finance & Business Administration) from the University of Western Ontario. He is a Chartered Financial Analyst (CFA) and a member of the Cayman Islands CFA Society.

Dajon Richardson

Associate Investment Analyst

Dajon joined Clarien’s Investment Management Group in July 2020. He reports to the Head of Investment Strategy and supports all aspects of portfolio management. Dajon contributes to research and monitoring of equity and fixed income positions, as well as third-party manager selection. He supports senior team members and participates in group sales efforts with presentations and development of client communications.

Prior to joining CIL, Dajon was a Junior Analyst Trainee at Wafra Financial & Management Services in Bermuda. 

• Insurance Linked Securities Fund Fact Sheet
• Prospectus for Global Voyager Fund
• Supplement for the Insurance Linked Securities (ILS) Fund
• Account Opening Form
• Subscription Application Form
• “Qualified Participant” Investor Questionnaire