Latest DRF and LSSF performance sheets May 2009 We have released the latest monthly performance sheets for the Defined Return Fund and for the Life Settlement Strategy Fund, where you will find the latest performance statistics, portfolio analysis and market commentary. To download the PDF file, please click on the link below: DRF monthly performance sheet LSSF monthly performance sheet

Alternative Outlook - First edition March 2009 We have launched the first issue of Alternative Outlook. The aim of this newsletter is to keep you informed and up to date with what’s been happening at Centurion. As specialists in alternative investments and leaders in longevity, we aim to help you understand what we do and how we do it. In this first issue we want to use the opportunity to answer some frequently asked questions about longevity as an asset class. For those readers seeking more in-depth insight, we’ve also gone one step further to explain how the recent increase in life expectancy estimates is impacting this market and how we generate and manage the liquidity which is so important in the current market conditions. Download the newsletter

	Centurion co-sponsors Insurance Linked Securities Summit April 2009 Centurion was a co-sponsor of IQPC’s first European Insurance Linked Securities Summit held in London on 29-30 April 2009 together with Coventry and Credit Suisse. David Rawson-Mackenzie also co-presented with Credit Suisse and AA Partners on Innovations in Synthetic Longevity Products, where he gave an overview of the different physical and synthetic micro longevity products available to investors and how they can be used in life settlement portfolios. Download the full presentation
Investment strategies to protect pension fund assets April 2009 Centurion recently co-sponsored a seminar with Credit Suisse to discuss investment strategies to protect Pension Funds’ assets and how to control and manage risk. Speaking at the seminar, which was organised in London by SPS Conferences, Gary Flowers gave an overview of how to use longevity products to mitigate extended longevity risk and explained the advantages and disadvantages of different micro longevity products. Click to download the presentation
Rawson-Mackenzie at the 2009 Life Settlement Investment Conference March 2009 Centurion Fund Managers (CFM) shared a platform with Goldman Sachs on Evaluating Synthetic Longevity Products at the 2009 Life Settlement Investments Conference organised by IGlobal Forum in New York on March 18th 2009. Speaking at the conference, David Rawson-Mackenzie, managing director of CFM, provided an in depth overview of micro longevity swaps and how fund managers can use those instruments to mitigate risks. There are two basic types of swaps. The policy linked longevity swaps mirror a life settlement transaction and allow the investor to gain exposure to micro longevity. A customised longevity swap is similar but it allows the fund manager to select what features they want the policies to have. By using a customised swap, the investor can reduce the credit risk and has the ability to balance the exposure to the different LE underwriters. Download the full presentation