AI market round-up: Man in Nephila stake

Man Group has bought a 25% stake in alternative investment manager Nephila Capital. The Bermuda-based manager specializes in insurance-based instruments such as catastrophe bonds, weather derivatives and insurance-linked securities.

Man Group has bought a 25% stake in alternative investment manager Nephila Capital. The Bermuda-based manager specializes in insurance-based instruments such as catastrophe bonds, weather derivatives and insurance-linked securities.