Bloomberg – AIFAM Inc., a New York-based hedge fund with about $600 million in assets, aims to boost the assets in a catastrophe bond fund by five times to $150 million over the next year with Japanese pension money.
The $34 million-fund has returned about 10 percent this year through October, bringing its gains since inception in June 2006 to 47.4 percent including interest payments, said Takuma Aoyama, chief investment officer of AIFAM. Tokio Marine Holdings Inc. owns 24.9 percent of AIFAM.
