In the morning of Friday, August 28, 2015, tropical storm Erika was located to the southeast of Puerto Rico.
The forecast by the National Hurricane Center (NHC) at midnight GMT expected Erika to move in-between Puerto Rico and Hispaniola, move north of Hispaniola and then on to Florida. Erika was forecast to intensify while moving over the very warm seas around the Bahamas, reaching Florida as a hurricane on Monday, August 31. It turned out, that Erika stayed south of Hispaniola before crossing the southern part of Haiti and then eastern Cuba. The interaction of Erika with the land mass and especially the mountains of Hispaniola led to a weakening of the storm. Erika finally weakened to a tropical depression on the evening of Saturday, August 29 and was no longer followed by the NHC. This case shows how uncertain hurricane forecasts still are in terms of track and intensity forecasting. Tropical storm Erika caused some damage in Dominica and Haiti and is expected to cause some heavy precipitation in Florida. Potential Losses The investment manager Twelve Capital informs that they do not expect these impacts to influence any of the portfolios. We will keep you updated on any new information. If you have any further questions in the meantime, please do not hesitate to contact us.
Your axessum team