Arini Capital Management, a specialist multi-strat credit alternatives investment manager, has seemingly marked its entry into catastrophe bonds with the hiring of experienced cat bond portfolio manager Shang-Wei Ye, who is best known for his time analysing and managing cat bond fund assets at Securis.
As an asset manager, Arini Capital has had a core focus on offering diverse credit investment opportunities to its clients across public and private credit markets.
The investment firm focuses on fundamental analysis of credit opportunities, over a range of strategies including including long/short credit, structured credit, opportunistic credit, direct lending and asset-backed finance, to-date.
Considered a hedge fund in many media and widely known for its ability to structure complex trades for its own investment needs, Arini Capital Management managed over US $17 billion in advisory client regulatory assets as of the end of 2024, while its flagship Master Fund is reported in filing to have a net asset value of over $12 billion alone.
Now, it has become clear that catastrophe bonds are set to be added to the Arini Capital mix. It’s not immediately known if Arini plans to launch a dedicated cat bond offering, but seems more likely that cat bonds will become a new category to incorporate into the multi-asset class strategies it manages for investors.
Shang-Wei Ye, a catastrophe bond specialist has been hired by Arini Capital to take on a cat bond portfolio management role.
He has a strong background in insurance, reinsurance and catastrophe bond investments, with experience across a wider range of ILS assets than just cat bonds alone.
Ye began his career and trained as an actuarial consultant at Hymans Robertson, before joining specialty re/insurer Brit Insurance where he spent over 4 years as a capital modelling analyst and actuary.
In 2021, Ye moved into the ILS fund management sector, joining London-based Securis Investment Partners as an analyst where he reviewed the full spectrum of ILS instruments and opportunities, across cat bonds, sidecars, ILW’s, private reinsurance and retrocession.
In 2023, Ye became a Senior Analyst at Securis and responsibility for all trade and portfolio analysis for the Securis cat bond fund strategy.
In early 2025, when Securis became part of the larger Twelve Securis, Ye became a cat bond analytics specialist, leading investment analysis and research for the ILS manager’s large catastrophe bond fund portfolio while also chairing the cat bond investment committee at the firm and acting as Deputy Portfolio Manager for the Securis Catastrophe Bond Fund.
Joining Arini will give Ye exposure to the use of catastrophe bonds as a diversifying asset within a multi-strategy focused manager, while bringing Arini meaningful expertise and kick-starting its entry into the cat bond investment space.
Multi-strat hedge funds and alternative investment managers are increasingly looking to the catastrophe bond and broader ILS market as opportunities for sourcing new, return generating and diversifying additions, or pods, to augment their strategies and bring enhanced risk-returns to their investor base.
