Hedge Fund
ILS Will Prevent Extended Hard Markets: Tangency Capital
08-07-2019
The days of hard markets that last for years could have come to an end, according to Dominik Hagedorn, partner at Tangency Capital, a fund investing in the reinsurance sector.
Tangency was launched by Hagedorn along with Michael Jedraszak and Kai Morgenstern, the former chief investment officer at Kiskadee Investment Managers, a Hiscox-owned ILS fund platform, and fund manager at RenaissanceRe’s Medici ILS fund, respectively. Hagedorn was at Deutsche Bank covering the re/insurance sector.
The fund started trading in June 2018 and has raised $265 million, predominantly from pension fund investors, on the back of its 13 month track record. At the start of 2019 it had around $100 million in assets. It is domiciled in Bermuda, with an office in London.
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