LombardOdier Investment Managers said April 12 that it launched catastrophe bond fundLO Funds - CAT Bonds.

TheUCITS-compliant vehicle will invest in cat bonds targeting returns of LIBORplus 2% to 4%, net of fees and offering weekly liquidity. Exposure will beprimarily to regions with a high concentration of insured wealth, such as theU.S., western Europe and Japan.

GregorGawron will lead the fund's management team and will be joined by Simon Vuille,Marc Brogli and Stephan Gaschen.

LombardOdier Investment Managers is the asset management business of