AA-Partners launches Life Settlement Index
Life Settlement Investors have lacked a reliable and updated benchmark which demonstrates the performance of the various funds dedicated to this secondary market. The AAP Life Settlement Index should help solve this issues.
Here is a little bit about the Index:
The AAP Life Settlement Index was developed to provide investors a transparent, representative benchmark of different investment funds that are majority invested in the area of traded US life insurance policies. The index is constructed and calculated following clear rules. Along the lines of other well known indices in the area of non-traditional investment strategies, the AAP Life Settlement Index reflects the performance of the according fund universe.
The fund must qualify for the Index:
- The fund follows a strategy in the area of traded US life insurance contracts (Life Settlements). The part of other strategies in the portfolio is permanently smaller than 25% of the fund volume.
- The fund is open-ended, which means it accepts new investors and allows redemptions. Funds with a soft-closing or restricted liquidity for the investors still qualify for the index.
- Subscriptions can be made at least quarterly.
- Redemptions can be made at least quarterly.
- The fund calculates monthly a NAV in USD and the NAV is publicly available or is provided for the calculation of the index.
- The fund is not US domiciled.
- The fund is not a fund of funds. The fraction of open-end or closed-end funds is persistently smaller than 33%.
The AAP Life Settlement Index is calculated by Structured Solutions, AG and is fed into Reuters and Bloomberg. AA-Partners, Ltd acts as index advisor. The index has the following codes:
Bloomberg Code: AAPLIFE;
Reuters Code: .AAPLIFESETTLEM;
About AA-Partners Ltd
AA-Partners, Ltd (AAP) is a Zurich, Switzerland based independent investment boutique. AAP is specialised on wealth and fund of funds management with open-ended funds which follow a strategy in the area of traded life insurance policies.
More Life Settlement Investment Articles:
Life Settlement Investment Returns (Thanks Life Settlement Info)
Life Settlement Business
January 29th, 2009 at 7:57 am
[...] other new, is looks like investors now have a Life Settlement Index to compare funds, pretty interesting. I keep hearing that it is a buyers market for Life Insurance [...]