Saturday, 28 March 2015
Last updated 18 hours ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…