Tranen Plans Longer-Term Life Settlements Fund

Jun 23 2010 | 10:34am ET

Tranen Capital is readying its second life settlements hedge fund, planning a longevity fund to complement its existing contestables flagship.

The Tranen Capital Life Fund will invest in life insurance policies held for, on average, five to six years. The firm’s current US$80 million Alternative Investments Fund focuses on contestables, or policies held for two years or less. It is up 7.4% this year and returned 39.5% last year.

The new fund will be managed by Tranen founders Arthur Bowen and Kenneth Landgaard.

“Demand for longevity risk has increased globally and Tranen launched this fund to respond to this risk,” Bowen told HFMWeek.

The new fund is actually set to debut within the next few months. Tranen is also responding to investor demand by registering with Irish regulators in advance of proposed new European Union hedge fund regulation.

The Life fund will charge 2% for management and 20% for performance. It has a capacity of US$1 billion and a minimum investment requirement of €250,000, with a soft lock-up.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note