- Advertisement -
- Advertisement -

Ress Life Investments Reaches $150 Million in AUM

Report: Systematic Strategies

- Advertisement -

Stockholm (HedgeNordic) – After reaching $100 million in assets in the fourth quarter of last year, Ress Life Investments – an alternative investment fund investing in the secondary market for U.S. life insurance policies – now manages over $150 million. “Continued strong capital inflows from both existing and new investors in Europe and Asia has led to a record level of assets under management,” wrote Stockholm-based alternative investment manager Resscapital in an announcement.

Ress Life Investments buys and holds life insurance policies until they pay out. The alternative investment fund buys existing insurance contracts from policy owners at a discount to face value in an attempt to turn a profit when the insured passes away by collecting the death benefit. This secondary market for life insurance policies allows policy owners to cash out of unnecessary life insurance policies. According to Gustaf Hagerud (pictured), managing director of Resscapital, “the market remains very active and we’re busy purchasing new policies at attractive IRR’s.”

Last year, Ress Life Investments achieved its best annual performance since launching in April of 2011, booking a yearly return of 9.9 percent. The fund gained 4.6 percent in the first seven months of 2019. Ress Life Investments, which first reached the $100 million-milestone in the final quarter of last year, had $151.5 million in assets under management at the end of July. The fund first reached more than $50 million in assets in the second quarter of 2015.

Commenting on the growing assets under management, Hagerud says “volatile equity markets have created awareness and increasing interest among both institutional investors and family offices and we are positive regarding the future.”

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

The Value of Short Selling for Symmetry

Stockholm (HedgeNordic) – Stock-picking hedge fund Symmetry Invest has achieved a net-of-fees annualized return of 18 percent since its inception just over 11 years...

Month in Review – June 2024

Stockholm (HedgeNordic) – Despite June marking the end of a long streak of consecutive positive months, the Nordic hedge fund industry still achieved its...

New Equity Managers Join Borea to Bolster Fund Offerings

Stockholm (HedgeNordic) – Following the acquisition of a majority stake by Frendegruppen – a consortium of Norwegian independent banks, Borea Asset Management is strengthening...

Obligo Raises Final €75 Million for PE Fund

Stockholm (HedgeNordic) – Obigo Investment Management has announced the final close of its infrastructure-oriented private equity fund, Obligo Nordic Climate Impact Fund (ONCIF), raising...

RFP: Irish Investor in Search of Tail Risk Mitigation

Stockholm (HedgeNordic) – An Irish institutional investor seeks an overlay manager or managed options strategies to mitigate tail risk in its €2.5 billion fund-of-funds...

Cevian on Buying Spree, Discloses 5% Stake in Smith & Nephew

Stockholm (HedgeNordic) – Swedish activist investor Cevian Capital has disclosed a five percent stake in UK medical device manufacturer Smith & Nephew, signaling intentions...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -