Stockholm (HedgeNordic) – The Stockholm-based portfolio management team picking and buying U.S. life insurance policies for Ress Capital’s alternative investment fund, Ress Life Investments, has expanded with the hiring of Amanda Gustafsson as Junior Portfolio Manager. The now four-member portfolio management team also includes Head of Portfolio Management Anton Pozine, as well as Portfolio Managers Fredrik Thor and Markus Biamont.
“We are delighted to announce that Amanda Gustafsson recently joined Ress Capital AB as Junior Portfolio Manager,” announces Ress Capital founder Jonas Mårtenson. “The interest in our uncorrelated return profile is increasing in the current market and Amanda will support the company’s accelerated growth”. Gustafsson has joined Resscapital from Strivo – formerly Strukturinvest, where she worked in operations management. She also worked as Portfolio Administrator and Corporate Actions at ISEC Group, as well as within Clearing and Settlement at Mangold Fondkommission.
Ress Life Investments, which buys attractively-valued U.S. life insurance policies on the regulated secondary market, has seen its assets under management grow to $377 million at the end of August from $310 million at the end of 2021 and under $200 million in 2019. The Stockholm-based team headed by Pozine bought a record number of new policies during a single month in August, with its portfolio consisting of over 480 life insurance policies.
The alternative investment fund has delivered an annualized return of 7.5 percent in U.S. dollars, exceeding its long-term target of seven percent per year. Ress Life Investments is up 7.2 percent over the first eight months of 2022. The fund’s management company has been reinforcing both its portfolio management team and sales team on the back of growing assets under management. “We are proud of what we have achieved since we launched Ress Life Investments in 2011,” comments Mårtenson. “Team Ress has grown to a total of nine people with complementary skills and diversity.”
