Sunday, 29 November 2015
Last updated 1 day ago
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…