The majority of insurance-linked securities (ILS) funds have reported a negative return for February 2021 after the impacts of the US winter storm and Texas freeze, according to the latest report from the Eurekahedge ILS Advisers Index.
The Index was down -0.7% for the month of February 2021, as the average returns of ILS and catastrophe bond funds plummeted on the severe winter weather.
Still, not every ILS fund has reported either, so the monthly average could even worsen once all of the data is in.
