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Tangency Capital says has launched $50 million reinsurance hedge fund

Reuters  |  LONDON 

(Reuters) - Hedge fund firm has launched with $50 million in assets to bet on the market ahead of the start of the next hurricane season, one of its three founding members told on Wednesday.

Last year was the worst on record for from natural disasters, including Hurricanes Harvey, Irma and Maria. But it also led to new fund launches on an expectation of higher rates in the sector, particularly at renewal dates in June and July.

Tangency Capital, which has offices in and and will invest directly in non-life risks, was founded by Dominik Hagedorn, and

(Reporting by and Carolyn Cohn; editing by Simon Jessop)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 16:14 IST