ILSF newsletter Q2
International Life Settlements Fund is pleased to have produced a newsletter concerning an overview of our performance, internal changes, views from the US and an update on our marketing for the first half of 2011. Please feel free to download the full document to read in its entirety.
From our newsletter: Fund update
ILSF continues its success offering investors access to a diversified pool of life settlements through a highly regulated and transparent vehicle. Through 6 months of 2011 ILSF has had no negative performance across all share classes and currencies. The institutional USD share class has delivered 4.66% whilst the GBP/EUR B share classes have delivered 3.85% and 3.72% relative performance through June 2011 respectively. For further details of the performance please visit our website at www.ilsf.lu . Throughout 2011 our assets under management have grown by 65% indicating the continued demand for ILSF.The life settlement market is attracting increased interest from serious institutional investors (see our originator’s report below) and returns on policies are starting to compress due to increased demand. However, ILSF has been able to complete 17 policy purchases through the first half of 2011 from 310 to 327 insured lives leading to a total portfolio size (including cash) of USD 66,252,208.17 from over 25 insurance companies ranging in S&P rating AA+ to A. A diversified pool is a vital tool in mitigating longevity risk for investors.
In April 2011 we formally changed administrator from Custom House Fund Services to Vistra Fund Services with the approval of our regulator in Luxembourg – the CSSF. The board decided to change administrators for further quality improvement.
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