Defined Return Fund
The Defined Return Fund is a micro physical longevity fund investing in physical life settlements with an estimated longevity of six to ten years. Launched in 2002, DRF is one of the longest running life settlement funds in the market and currently has two open classes:
Growth Series 2 and
Longevity Plus.
Key facts
| Fund launch date: |
15th June 2002 |
| Domicile: |
Cayman Islands |
| Dealing date: |
Monthly on 16th |
| Year-end: |
February 15th |
| Currency available: |
EUR, GBP, USD |
| Minimum investment: |
$50,000 or currency equivalent |
| Redemption notice: |
3 months |
| Auditors: |
BDO Tortuga |
| Fund manager: |
Centurion Fund Managers Ltd. (authorised by the Cayman Islands Monetary Authority) |
| Fund investment advisor: |
Centurion Portfolio Managers Ltd (authorised and regulated by the Financial Services Authority (UK)) |
| Fund administrator: |
Centurion Administration Services Limited (Mauritius) (Authorised by the Financial Services Commission) |
| Custodian bank: |
Fairbairn Private Bank (IOM) Ltd. |
Growth Series 2 Class
DRF Growth Series 2, which is now in its 4th year, is a longevity fund that invests in physical life settlements. The fund aims to deliver uncorrelated net returns of between 7% and 8% p.a. with minimal volatility. Using an actuarial valuation methodology, the fund is actively managed with the principal objective being to deliver consistent and equitable returns to all its investors.
Longevity Plus
DRF Longevity Plus, which is now in its 5th year, is a longevity fund which invests in a portfolio of physical life settlements. The fund aims to deliver uncorrelated net returns of around 9% per annum, with minimal volatility and also offers a 6% annual distribution option. Using an actuarial valuation methodology, the fund is actively managed with the principal objective being to deliver consistent and equitable returns to all its investors.