Portfolio Ramp-up in Progress

The initial period since Ress Life Fund was launched has been exciting, but hectic. As we’ve bought more and more policies, it has become clear that the time is right to construct a diversified life insurance portfolio. The transaction process takes longer than expected, but a pipeline is now in place and the number of policies is constantly increasing. The high yields remain and we are buying life insurance policies at attractive levels. While still in ramp-up mode, our investment strategy is to buy smaller policies in order to own as many policies as possible and build a diversified portfolio.

Ress Capital Fund Management S.A. is a fund management company incorporated Luxembourg.  The company manages the Ress Life Fund, which is an open-ended investment fund investing in a diversified portfolio of US life insurance policies, also known as Life Settlements. Ress Capital 's focus is on managing both third party mandates and to launch further sub-funds under its umbrella fund structure in Luxembourg.

Life Settlements

The secondary market in US life insurance policies, also known as life settlements, offers investors the opportunity to purchase life insurance policies at a discount to face value. The estimated size of the annual turnover in the secondary market  was 4 USD billion in 2010 according to Conning Research. The market is expected to grow to over USD 160 billion in the coming years according to forecasts from the research firm Sanford C Bernstein.  The key investment features making this an attractive asset class are high yields combined with excellent credit quality and low correlation with bonds and equities. Currently, expected gross returns are at historically high levels.