MVP Life Insurance Hedge Fund Debuts

May 6 2010 | 1:27pm ET

San Francisco-based MVP Asset Management has launched a life insurance hedge fund.

The MVP Premium Fund offers secured lending to providers of premium finance and life-settlement traders across 27 life insurers. The strategy underlying the fund has returned 46% since its inception more than three years ago. Fund manager Torben Rankine said the strategy should generate returns of 8% to 10%, on average, annually.

“While 2010 to date has been affected by an imbalance of supply and demand resulting in illiquidity in the life settlement marketplace, as a burgeoning asset class, it continues to offer a compelling long-term risk-adjusted return as compared to the market as a whole,” Rankine said. “While the market until now have remained largely dominated by sophisticated investors and institutions, MVP Premium Fund is the first of its kind to offer participation in the space to those seeking lower thresholds to entry.”

The minimum investment for the new vehicle is $10,000, £10,000 or €10,000.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...