Life settlement funds emerge as asset class

Life settlement funds are emerging as a fresh asset class as investors seek alternative investments ...

Life settlement funds are emerging as a fresh asset class as investors seek alternative investments uncorrelated to traditional investment markets. Heralded as a socially-responsible alternative investment, a life settlement involves the purchase of a life insurance policy issued to a US resident after the insured is found to have an impaired life expectancy. EEA Fund Management is offering the life settlement asset class to UK retail investors through its Guernsey-domiciled EPIC Life Settlement fund. Launched in November 2005, the vehicle’s investment aim is to purchase, hold and manag...