PRESS RELEASE
London, 13 October 2010
Securis Investment Partners LLP delivers 72.4% return since start up 5 years ago, considerably outperforming the S&P 500
Securis Investment Partners LLP (Securis) is today celebrating five years of investing in the insurance sector and insurance linked securities (ILS) in particular. Since the Securis 1 Fund’s inception in October 2005 it has yielded 72.4% and an 11.6% annualized return. USD1,000 invested in the Securis 1 fund at start up would today be worth USD1,724, compared with the USD1,049 it would now be worth if invested in the S&P 500 over the same period.
Securis continued to outperform the market even during the financial crisis when it maintained a double digit return of 10.7% in 2008, demonstrating not only the strength of its origination, portfolio construction and risk management, but also that ILS is a genuinely uncorrelated asset class.
Unusually among ILS fund managers, Securis has proven expertise in both life and non-life markets delivering higher than expected returns and lower tail risk, an approach that has not gone unnoticed by investors. Success has seen Securis’s total invested assets under management grow from USD25 million to USD828 million, and is encouraging new investors into the ILS arena, which is now becoming an accepted feature of most institutional portfolios.
Espen Nordhus, Founding Partner, Securis Investment Partners, comments; “It is very pleasing to see the performance of Securis over the past 5 years. Our ability to deliver double digit returns, despite the most turbulent financial markets in a generation, demonstrates not only Securis’s skill in managing insurance assets, but proves our original concept that ILS is an uncorrelated asset class. More importantly, by adopting a proactive rather than passive investment stance we have accessed opportunities unavailable to others and achieved a return well above our peer group.”
Rob Procter, Founding Partner, Securis Investment Partners, says “Securis’s success is built around the able and experienced team of insurance and capital markets professionals we have assembled. Their origination and analytical skills, together with strong commercial instincts, have allowed Securis to build a unique portfolio fully diversified across life and non-life investments. These are the qualities that differentiate us, add real value to our investors and, as ILS becomes an accepted alternative asset, are driving investor interest in the Securis 1 Fund.”
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For further information
Peter Rigby/Samantha Whiteley 0207 417 8989
Haggie Financial
Notes for editors
Securis Investment Partners is a UK-based independent investment management company authorized and regulated by the Financial Services Authority. The company has assets under management in excess of USD 800 million.
Operational since October 2005, under the leadership of Espen Nordhus and Rob Procter, the firm manages money on behalf of its flagship Securis 1 Fund as well as other specialist insurance products and accounts.
Securis 1 Fund is an open-ended Cayman Island fund focused on global insurance. Its strategy is to carry exposure to insurance risks, diversified across non-correlated life and non-life insurance perils in different geographical areas.