Twelve Capital Event Update – 28 September 2020

Hurricane situation
There are currently no storms in the Atlantic, and no depressions predicted to form in the next few days.

Other events
The wildfires in the western United States have had initial industry loss estimates from some of the modelling agencies; with the California wildfires having an estimate between USD 3-5bn and the Washington and Oregon fires estimated between USD 1-3bn. These estimates take into account not only property damage, but also smoke damage, alternate living expenses, and business interruption.

Currently, no material impact to any managed funds is expected. Twelve Capital continues to monitor any potential changes.

Moving into October, Twelve Capital will revert to bi-weekly event updates. However, specific updates on any relevant new major events that may occur will be provided.