Investment Trusts

CATCo Reinsurance Opportunities Fund Ltd

BMG1961Q3242:USD

CATCo Reinsurance Opportunities Fund Ltd

  • Price (USD)25.00
  • Today's Change0.00 / 0.00%
  • Shares traded187.00
  • 1 Year change4.17%
  • Beta-0.0238
Data delayed at least 15 minutes, as of Sep 30 2024 10:51 BST.
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Profile data is unavailable for this security.

About the company

CATCo Reinsurance Opportunities Fund Ltd. is a closed-ended mutual fund company. The Company is organized as a feeder fund to invest substantially all its assets in Markel CATCo Diversified Fund (the Master Fund). The objective of the Company is to give their Shareholders the opportunity to participate in the returns from investments linked to catastrophe reinsurance risks, principally by investing in fully collateralized Reinsurance Agreements accessed by investments in Preference Shares of the Reinsurer. Markel CATCo Investment Management is the investment manager of the Company.

  • Revenue in USD (TTM)359.12k
  • Net income in USD10.44m
  • Incorporated2010
  • Employees0.00
  • Location
    CATCo Reinsurance Opportunities Fund Ltd10th Floor East, 141 Front StreetHAMILTON HM19BermudaBMU
  • Phone+1 4 415312227
  • Websitehttps://www.catcoreoppsfund.com/
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Profile

Management group(s)Markel CATCo Investment Management Ltd
AIC sectorInsurance & Reinsurance Strategies
ISINBMG1961Q3242
Launch date20 Dec 2010
Share typeOrdinary Share
StructureInvestment Trust
Base currencyUSD

Objective

Iinvestment policy of the company is now limited to realising the assets of the company and distributing any net proceeds to the relevant Shareholders. Consequently, the Company exercised a special redemption right in respect of 100% of its holding in the Markel CATCo Diversified Fund, a segregated account of the Master Fund SAC.

Managed by

Tony Belisle, Michael Toyer, Ly Lam, Mark Way, Lindsay Watson

Management & contract fees

Management fee of 0.75% p.a. of NAV of the Master Fund and a performance fee of 10% of gains, subject to a high water mark methodology and provided that a certain level of performance is met.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Capital for Colleagues PLC4.18m2.31m14.56m13.0014.56m13.00
JPEL Private Equity Ltd-4.17m-6.33m15.91m0.0015.91m0.00
Tekcapital PLC640.33k13.88m16.91m6.0016.91m6.00
EMV Capital PLC2.37m-3.90m17.10m29.0017.10m29.00
Gresham House Renewable Energy VCT 1 PLC-6.28m-6.21m17.62m0.0017.62m0.00
Gresham House Renewable Energy VCT 2 PLC1.94m-6.15m17.84m0.0017.84m0.00
SLF Realisation Fund Ltd3.68m-16.16m18.03m1.0018.03m1.00
Seneca Growth Capital VCT PLC-2.96m-3.41m18.08m0.0018.08m0.00
450 PLC0.00-637.34k18.48m--18.48m--
Kelso Group Holdings PLC185.21k-215.95k18.72m0.0018.72m0.00
LMS Capital PLC-7.10m-9.75m19.17m4.0019.17m4.00
London Finance & Investment Group plc6.16m5.55m19.65m4.0019.65m4.00
CATCo Reinsurance Opportunities Fund Ltd359.12k10.44m20.08m0.0020.08m0.00
Premier Miton Global Renewabls Trust PLC-3.60m-5.81m25.50m0.0025.50m0.00
Develop North PLC2.26m1.13m25.56m0.0025.56m0.00
Data as of Sep 30 2024. Currency figures normalised to CATCo Reinsurance Opportunities Fund Ltd's reporting currency: US Dollar USD

Institutional shareholders

0.02%Per cent of shares held by top holders
HolderShares% Held
Weiss Asset Management LPas of 30 Nov 202227.65k0.01%
abrdn, Inc.as of 29 Mar 20244.34k0.00%
abrdn Alternative Investments Ltd.as of 30 Nov 20234.27k0.00%
Abrdn Asia Ltd.as of 29 Mar 20242.96k0.00%
Premier Fund Managers Ltd.as of 30 Apr 20241.53k0.00%
CG Asset Management Ltd.as of 30 Jun 20241.09k0.00%
abrdn Australia Ltd.as of 31 Dec 2022383.000.00%
Rathbones Asset Management Ltd.as of 30 Jun 2024212.000.00%
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Data from 31 Mar 2024 - 08 Aug 2024Source: FactSet Research Systems Inc.
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