ILS fund Twelve Capital reports 5% Heritage stake

Swiss ILS manager Twelve Capital is holding a 5 percent stake in
Florida-based homeowners specialist Heritage, regulatory filings
reveal.
In a report to the Securities and Exchange Commission, Twelve
Capital held 1,461,083 Heritage shares as of 4 October, the
investment manager said yesterday.
At yesterday's $15.85 per share closing price, the stake was
worth around $23.2mn. However the Floridian's share price has
climbed 13 percent since Twelve Capital passed the 5 percent
reporting threshold o