Home Insurance Tenax Capital’s UCITS cat bond fund returns 17.9% net in 2023

Tenax Capital’s UCITS cat bond fund returns 17.9% net in 2023


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Tenax Capital reports a 17.9% EUR net return for its fund in 2023. This is a strong indicator of the performance of cat bond investments.

Tenax Capital explains that this represents “a record performance in a record year,” for the firm and the cat bond asset class.

It’s important to note that Tenax Capital is reporting the EUR hedged class, accumulation, of its UCITS cat bond fund here.

The investment manager states that, “With a net total return of 17.9%, Tenax ranks as the top performer ILS manager in the UCITS universe for the full year 2023.”

The following table compares the share classes of UCITS cat bonds funds denominated as EUR.

Marco della Giacoma, Portfolio Manager in the Tenax Capital ILS team commented, “Of course, we are pleased to give our investors record returns in 2023, but what is important to us is the consistency of the Tenax ILS Fund returns over the last five years.

“Over this period, we are one of the top-performing funds. The team has done a great job in achieving this.

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