Centurion Fund Managers | Investment management services for private and institutional clients

< Centurion Fund Managers

Centurion Fund Managers manages a range of mutual funds for both institutional investors and private clients. All funds are domiciled in the Cayman Islands and include Defined Return Fund - one of the first life settlement funds to be launched in the industry - and Life Settlement Strategy Fund which is now listed on the Channel Islands Stock Exchange.

. Latest Literature

CFM Newsletter
June 2008

The life settlement market has kept a steady growth year to date. Investors took advantage of the uncorrelated nature of the asset class to avoid current market volatility and a growing number of institutional investors and financial professionals entered the market, pushing forward the already high demand for policies. Synthetic products are becoming increasingly popular, as they expand the asset class’ reach by facilitating the acquisition of policies and also because and allow investors to gain exposure to the asset class via a derivative product.
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DRF & LSSF Quarterly Review
April 2008

The Defined Return Fund and the Life Settlement Strategy Fund posted consistent returns, outperforming equity, bonds and hedge indices. The DRF Growth Series 2 USD Class gained 1.82% in the quarter, while the LSSF Managed Growth USD Class posted a 1.75% return. Both outperformed the CSFB Tremont Index, which posted a loss of 2.01% in the same period.
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Pentad Equity Quarterly Review
April 2008

Welcome to the Quarterly Review of Pentad Equities Fund. The first quarter of 2008 was dominated by concerns about slowing global economic growth. Investors struggled to assess the extent of the US financial crisis and the impact it will have on corporate earnings worldwide. Stock markets slumped, with the MSCI World Index dropping 8.95% in dollar terms and the Standard & Poor’s 500 Stock Index posting its worst quarter in five and a half years. To access the Fund's online quarterly review, please click on the link below:

Online Quarterly Review

To download the PDF version of the Fund´s quarterly reviews, please click on the following links:

Asian Equity Quarterly Review
European Equity Quarterly Review
Global Equity Quarterly Review
North American Quarterly Review

. Industry and Market News

Centurion undertakes its first leveraged longevity swap
July 2008

In a ground breaking transaction, Centurion Fund Managers has undertaken its first ever leveraged longevity swap in the life settlement market with Credit Suisse. The swap is constructed around the purchase of a portfolio of synthetic life policies, each designed to pay out a standard amount on variable dates.
The swap offers a number of key advantages to Centurion over the more traditional form of life settlements currently available in the market.
Read the full press release

Life Settlements as the Ideal Investment
June 2008

Viable mainstream investments options are few and far between. The stock market has been in flux over the past several years by virtue of looming inflation, spiraling oil prices, and the constant threat of terrorism. Every government bureaucrat, newsletter author, financial expert, and private investor has a different take on the market’s future. If they’re truthful, all will agree that the market’s direction is uncertain. In this context, life settlements appear as an ideal investment.
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Rawson-Mackenzie speaks at the 3rd Insurance Linked Securities Summit
January 2008

At the 3rd Insurance Linked Securities Summit held in New York at the end of January, David Rawson-Mackenzie, CEO of Centurion Fund Managers spoke about the merits of life settlements as an asset class in an investment portfolio. "Life settlements are a lucrative choice for investors because they are a non-market correlated bond-like asset class." he said. However, he cautioned investors when selecting which fund to invest in. "You need to ensure that the fund has a large enough portfolio of policies to minimise any deviation from the expected performance of the fund as the accuracy of the rate of return depends on the number of policies held."
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Life Settlement Funds try to raise their profile among IFAs
November 2007

According to research only 22% of IFAs are familiar with life settlement funds as investment products.
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