Longevity Select
The Defined Return Fund, launched in 2002, is one of the longest running life settlement funds in the market. The Longevity Select class invests in physical life settlement policies which are housed inside a robust tax structure not only to mitigate US withholding tax but also to ensure that all death benefits flow to investors. The Fund aims to hold 500 lives so as to diversify its longevity risk though it may use other longevity hedging techniques where appropriate.
The Fund may employ a trading strategy so as to profit from changes in market direction which will result in a slightly more volatile though higher expected return of between 5% and 15% using a Mark-to-Market valuation technique as opposed to its predecessor which used a mark-to-model valuation technique. This ensures that returns are linked to actual mortality experience.
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