Summary
LONDON (HedgeWorld.com) - Man Group plc, the world's biggest absolute return funds operator, is to pay $50 million for a 25% interest in Nephila Capital Ltd., an investment manager that specializes in the reinsurance industry and is based in Bermuda.
Nephila employs 25 staff and manages $2.4 billion across multiple investment products dedicated to investing in instruments such as insurance-linked securities, catastrophe bonds, insurance swaps and weather derivatives. The name comes from the silk spider Nephila clavipes which according to Bermuda folklore is known for its ability to predict bad weather.See the full content of this document
Extract
Man Group Buys Into Nephila
"The natural catastrophe and weather derivative markets offer significant opport...
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