Gareth is Co-Head of Alternative Strategies for MLC. His team are focused on identifying investments that deliver attractive risk-adjusted returns and are uncorrelated to mainstream asset classes. The team manages ~$7bn in total across two portfolios. The team manages the ~$4bn MLC Opportunistic Capital Solutions portfolio that allocates predominantly to various fund and co-investments in niche, esoteric, private credit, as well as a handful of curated direct investments. This strategy has delivered a return of cash+10% with a zero beta to equities since inception in October 2018. The team also manage ~$3bn in natural catastrophe reinsurance (ILS) focused strategies, including a recently launched co-mingled Reinsurance Investment Fund, which is available to external (non-MLC) investors. This has delivered positive returns in each of the last 17 years and a zero beta to equities – outperforming the Eureka hedge ILS Advisers Index by a cumulative 163% to end Mar 2026.