SL Investment Management’s two-year-old Life Plus Life Settlement Fund has earned a 10.26% return since its launch, the Chester, England-based company said in a statement Tuesday.
The fund has experienced $13.3 million in life policy maturities.
SL Investment’s valuation method is unlike other companies that use mark-to-model valuations that can vary greatly, said Investment Director Patrick McAdams. “SL assumes very few maturities will occur shortly after policy acquisition, and use[s] a very transparent actuarially based model to approximate market value,” he said in the statement.
SL Investment is planning to launch a second Life Plus fund. The company, which also works with traded endowment policies, had £930 million ($1.5 billion) under management and advice as of Dec. 31.
