$2.4B Of AlphaCat Assets Under Management
Bermuda-based Validus Holdings, Ltd. announced that assets under management [AUM] for Alphacat Mangers, Ltd. were $2.4 billion as of January 1, 2016. This amount compares to $1.4 billion as of January 1, 2015, representing year on year growth of greater than 70%.
This $2.4 billion figure is inclusive of third party assets under management of $2.1 billion. All numbers referred to above exclude the assets of PaCRe, Ltd. as this entity was off risk effective January 1, 2016.
Lixin Zeng, the Chief Executive Officer of AlphaCat commented: “We are thrilled to reach the milestone of $2 billion of third party AUM. Through the AlphaCat/Validus platform, we have deployed all of the available capital consistent with our disciplined underwriting standards.
“The continued growth of AlphaCat reflects investor confidence in our franchise and reaffirms the strategic value of AlphaCat to the Validus Group.”
