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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Dcg Iris Stg | IRIS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 95.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 95.625 |
| Top Posts |
|---|
Posted at 09/6/2013 15:22 by jonwig Val - thanks!I think I know the ADVFN idea about "hxxp" (to shaft 'black' users like us). The simple solution is to paste and change, of course. On the insurance funds, CAT is highest risk (and USD), BCGR medium (USD) and IRIS lowest (GBP). I hold CAT and IRIS. As for returns, the "uncorrelated" bit does protect you against a nasty fall in risk asset prices ... like we've just tasted! Of course, share price could fall simply because people need to see stuff. |
Posted at 08/6/2013 07:51 by valhamos Seems to be a lot of downward pricing pressure on cat bonds at the moment.hxxp://www.artemis.b |
Posted at 09/3/2013 11:32 by jonwig David S in IC:I think that the recent spate of big claims on the catastrophe reinsurance front - the New York hurricane being the real biggie - must force a fundamental change in the natural disaster insurance sector. Reinsurers can't keep bailing out the US eastern seaboard for disasters and premiums must start rising, which is why I think now might be a good time to slowly increase my exposure to the reinsurers through the DCG IRIS fund run by a team at Credit Suisse. Again, this isn't exciting stuff and won't blow the lights out (if you can excuse the pun) but I think it reasonable to expect a 6 to 8 per cent annual return through the long-term cycle, with 5 per cent a year paid as income. And should be uncorrelated with most other asset classes. |
Posted at 12/2/2013 09:27 by jonwig Parked some profits here. Target dividend of 5.0p for 2013-14 and pretty low risk Cat-bond exposure.Should also be immune to an equity market correction. |
Posted at 29/6/2012 07:24 by jonwig The plan was to raise up to £150m, only £40m was raised.The size itself doesn't matter provided the master fund is suitably large. I don't know whether this is the case. However, the whole company may be redeemed at NAV less costs (discretion of board?) if the NAV at certain points is below £150m. The first such point is August 2013. Barring bad insurance events, that would most likely mean getting around 101p in a year's time if the NAV is static after income (4.75p divi). |
Posted at 29/6/2012 06:46 by jonwig 27 June 2012:DCG IRIS Limited, a Guernsey investment company investing in insurance-linked strategies has raised in excess of £40m, despite the continuing challenges of market conditions. The Company is a feeder fund, investing its assets in the CS IRIS Low Volatility Plus Fund, which is managed by Credit Suisse AG. The fund offers investors diversification. The portfolio is diversified across regions for natural catastrophes and risk types, where regions and perils have little or no correlation to each other and enable efficient diversification of the portfolio e.g. Japanese typhoons, US hurricanes and explosions or fire. The fund offers further diversification to investors as returns are expected to have a low correlation to the financial markets. Robin Fuller, newly-appointed Executive Director of Dexion Capital (Guernsey) Limited and a director of DCG IRIS, said: "The launch of DCG IRIS Limited marks an exciting start to my role here. Achieving a capital raise in such challenging conditions is proof of the strengths of the investment proposition and investors' interest in insurance-related investment strategies. As investment manager to DCG IRIS we remain confident in the company's future growth." Talmai Morgan, Chairman of DCG IRIS, said: "We are very pleased to launch the company at a time of uncertainty for many investors. We have seen a positive response to the investment proposition and the feedback has indicated a confidence in the company's strengths. We believe firmly in the ability for the company to grow through future tap or C-share raises and we plan actively to pursue these opportunities over the coming year." |
Posted at 29/6/2012 06:46 by jonwig Significant Holdings at 28/03/13 (total 51,125,440 Sterling Shares):Credit Suisse ......... 10,000,000 24.9% Ericsson Pensions ..... 70,314,088 21.5% Dexion Capital (Gy) .... 4,000,000 10.0% Premier Fund Mgrs ...... 3,803,790. 7.4% |
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