Stockholm (HedgeNordic) – The net asset value for Ress Life Investments A/S increased by 5.12% during March, the best single month for the fund since inception in 2011. The fund was also among the top performing Nordic hedge funds during the month. The main contributing factor to the strong portfolio performance was several insurance policies maturing.
“Maturities occur as expected, however the size of the maturing policies was larger than average in March. Policies pay out regularly and this is business as usual for the fund.” says Andreas Ametrin, fund manager.
The company invests in the secondary market for US life insurance policies and aims to provide investors with long-term returns in USD which are uncorrelated to major asset classes. The secondary market in the United States is regulated in 45 states and offers consumers the possibility to sell policies at a higher price than the price offered by the insurance company. Ress Life Investments has since 2011 sourced a diversified insurance portfolio and policies are issued by 51 highly rated US insurers.
“Assets under management continue to increase and now amount to approx. USD 87 million.The largest investors are pension funds and larger family offices”, says Jonas Mårtenson, founder of Resscapital AB, the AIF Manager of Ress Life Investments A/S.
“Our fund offers true risk diversification since its main risk factor, longevity, is uncorrelated to major asset classes. The outlook for risk-adjusted returns continues to look compelling”, Mårtenson concludes.
Ress Capital and Andreas Ametrin was recently featured in the Podcast “Kapitalet”, link to be found below (in Swedish):
Picture (c): shutterstock – pressureUA-80453707