AlphaCat: $3.4B Assets Under Management
Bermuda-based Validus Holdings announced that assets under management at Alphacat Managers, Ltd. were $3.4 billion as of January 1, 2018.
This $3.4 billion figure reflects net third party inflows of $714.2 million at January 1, 2018, resulting in total third party assets under management of $3.2 billion.
Lixin Zeng, the Global Head of Asset Management and Chief Executive Officer of AlphaCat commented: “We appreciate the ongoing support of AlphaCat’s investors despite a challenging year for the reinsurance markets in 2017.
“Their long-term commitment to investing in reinsurance through the ILS sector has fueled the growth of AlphaCat and allowed us to develop a strategy which expands the breadth of solutions offered to the Validus Group’s reinsurance customers.”
