RBC Dexia Investor Services (RBC Dexia IS) has taken its relationship with Treasury Group offshore, becoming the backoffice provider for Dublin-domiciled TG Treasury Asia Fund.
The TG Treasury Asia Fund is managed by Treasury Asia Asset Management, a Treasury Group investee manager run by Peter Sartori, an Asian markets veteran who built a considerable European following over several years running Asia-Pacific equities for Credit Suisse Asset Management. RBC Dexia IS, which already performs backoffice services for Treasury Group and its managers, will use its Dublin office to provide global custody, investment administration and shareholder services to TG Treasury Asia Fund. Treasury Asia Asset Management has $650 million under management, although the Dublin fund has only just launched with a small seed investment.
The brunt of losses from the LA wildfires are expected to be borne by primary insurers and high-risk reinsurance programs, but super funds are nevertheless closely monitoring the possible impact of the fires on catastrophe bond and insurance-linked securities exposures.
Simon HoyleJanuary 17, 2025
