Embassy Asset Management, a registered investment advisory firm in the United States, has officially named Bert Ji as the new lead Portfolio Manager for its Ambassador mutual fund strategy. This fund specializes in investments in catastrophe bonds and other private insurance-linked securities (ILS). This strategic leadership change follows the departure of Niall MacGillivray from the firm.
Ji joined Embassy Asset Management in February 2026, quickly establishing himself as a key member of the portfolio management team for the Ambassador Fund and the firm's broader ILS portfolios. His extensive experience includes over eight years at Nephila Capital, a prominent ILS investment manager, where he ascended to the role of Head of Portfolio Management in 2021. Prior to his tenure at Nephila Capital, Ji spent five years at Validus Re, where he focused on catastrophe risk modeling and analysis. MacGillivray, who joined Embassy in September 2023, departed in October after three years with the company. During his time at Embassy, Ji provided crucial support to MacGillivray in managing the cat bond-centric fund strategy. Now, as the lead Portfolio Manager, Ji will assume primary responsibility for the daily oversight of the Ambassador Fund's portfolio, with support from Embassy Asset Management LP's investment team.
This leadership transition comes at a time of significant achievement for the Ambassador Fund. As reported earlier in September, the fund's net assets under management (AUM) reached an impressive milestone, effectively touching billion. By the end of October 2026, the cat bond fund's AUM had officially surpassed this benchmark, reaching a reported .03 billion, underscoring its robust growth and position in the insurance-linked securities market.
The strategic appointment of Bert Ji to a pivotal leadership role within Embassy Asset Management reflects a commitment to leveraging deep industry expertise to drive continued success in the specialized field of catastrophe bonds and ILS. His proven track record and extensive experience are well-aligned with the firm's goals for sustained growth and prudent management of investor capital. This move not only signifies a new chapter for the Ambassador Fund but also reinforces the dynamic nature of leadership within the financial sector, where skill and vision are crucial for navigating complex markets and achieving ambitious financial milestones.
