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Blue Capital - Update research from QuotedData

RNS Number : 7973E
Blue Capital Alternative Income Fd
14 February 2018

Blue Capital Alternative Income Fund Limited - Update research from QuotedData

14 February 2018

Wind-blown, but still standing


Blue Capital Alternative Income's (BCAI's) net asset value declined by 24.8% during 2017 (including dividends). BCAI's manager says that the 2017 Atlantic hurricane season, which accounts for most of the fall, was perhaps a one in 33-year event and that BCAI's losses are in line with its internal projections for such a scenario. BCAI now has less capital to deploy although, with insured losses estimated by Munich Re at $135bn globally, this also applies to other reinsurers. This has resulted in increased rates (prices) for the January 2018 reinsurance contract renewal season and the manager projects an 8%-13% return for 2018.


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NB: Marten & Co was paid to produce this note on Blue Capital Alternative Income Fund Limited and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors.

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