Browndorf PEM Launches Longevity Hedge Fund

Sep 26 2008 | 11:31am ET

One emerging hedge fund shop is offering spooked investors a different approach to alternatives.

Newport Beach, Calif.-based  Browndorf PEM has launched the Browndorf Life Settlement Funds to manage portfolios focused on longevity-based or life-linked assets, such as synthetic senior life settlements.

Co-portfolio managers Matthew Browndorf and Jonathan Sadowsky will use financial structures such as longevity contingent swaps and index products issued by the four major global financial institutions currently active in the space to generate stable returns with low volatility for their investors.

“With the credit markets experiencing a severe and unprecedented market dislocation, being able to offer our investors a product with more stable returns that are both uncorrelated to traditional markets and which exhibits reduced return volatility gives us a huge advantage in what I believe will certainly be a new investment paradigm going forward,” said Browndorf.

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