Twelve Capital (Twelve) is a independent boutique investment manager specializing in insurance investments. Its core business is the management of portfolios of insurance-linked securities (ILS). Clients can access ILS investment solutions through a variety of product structures, including institutional separate accounts mandates, specialist mutual funds which are domiciled in Luxembourg and consultancy advice. In addition, clients have the ability to access the privately negotiated ILS transaction market with investment into areas such as satellite insurance or European wind.  

In addition to ILS, Twelve offers other insurance-related investment products based on the investment professionals’ profound understanding of insurance risks and insurance balance sheets as well as the changing regulatory environment for insurance companies. Currently, Twelve is launching an European insurance bond fund. This is a niche area not covered by others where the team has a clear competitive advantage and sees long term growth prospects. 

Twelve was founded in 2010 following a spin-off from Horizon21 and is privately owned by its senior management and distribution partner XS Investments. The firm has a team of 8 experienced investment professionals, has offices in Zurich. Its client base includes large corporate investors, public and industry pension plans, (re)insurance companies, banks, third party mutual funds and family offices.  Based on firm commitments, Twelve Capital's assets under management are expected to be in excess of US$ 100 million as at October 1st, 2010 (funds launch date).