Schroders raises $420m for new life ILS fund
16-12-2020
Schroders has raised $420 million for a new Life Insurance-Linked Security (ILS) fund.
Life Insurance Linked II will offer investors significant diversification against traditional asset classes, coupled with the prospect of attractive risk-adjusted returns. The closed-end fund, which has a 10-year maturity, will be managed alongside several existing Life ILS funds and mandates.
The launch comes at a time when interest in Life ILS solutions from the global life insurance sector remains strong.
The fund is managed by Scott Mitchell, portfolio manager for Life ILS, supported by a team of specialist Life ILS investment professionals.