AlphaCat: $2.7B Assets Under Management
Bermuda-based Validus Holdings announced that assets under management at AlphaCat Managers, Ltd. were $2.7 billion as of January 1, 2017.
This amount compares to $2.5 billion as of January 1, 2016. This $2.7 billion figure includes third party assets under management of $2.5 billion compared to $2.1 billion in the prior year, an increase of 20%, including the first third party investments in BetaCat ILS Funds.
Lixin Zeng, the Chief Executive Officer of AlphaCat commented: “We are pleased with the strong level of investor support for the AlphaCat business and continued success in growing assets under management.
“The increased size of AlphaCat reflects well on the strength of the AlphaCat/Validus underwriting platform, the skill of our analytical team and the infrastructure we have developed to manage third party capital.”
