We offer alternative returns

Our focus is the secondary market for US life insurance policies. We offer investors both risk diversification and attractive returns. The main risk in this asset class is uncorrelated to most other asset classes.

Fund

We invest in an asset class which offers both risk diversification and attractive returns.

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Invest

Attractive returns combined with excellent credit quality – a good long term investment.

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Performance

The fund aims to deliver consistent long-term performance.

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About Resscapital

Resscapital AB is an alternative investment fund manager (AIFM) authorised and regulated by the Swedish Financial Services Authority (Finansinspektionen).

We have since 2011 bought a diversified life insurance portfolio on behalf of Ress Life Investments, which is listed at Nasdaq Copenhagen. Proprietary portfolio management systems and pricing models have been developed, in order to gain an advantage when purchasing policies. The company also collaborates with an independent medical underwriter specialising in senior mortality in order to provide more accurate assessments and mortality distributions.

Our management team has extensive experience in life settlements, complimentary backgrounds and international experience from having worked at major banks and hedge funds. The board of directors consists of both successful entrepreneurs and senior managers with extensive experience from the financial industry.

We Offer Alternative Returns

The secondary market for US life insurance policies offers long-term investors both risk diversification and attractive returns. The main risk, longevity, is uncorrelated to most other asset classes. We have since 2011 sourced life insurance policies in order to build a diversified life insurance portfolio. Our strategy aims to systematically mitigate the longevity risk by carefully selecting policies using quantitative methods. The fund obtains a life expectancy report from an independent medical underwriter, in most cases. Our proprietary premium optimization algorithms are highly advanced and create a competitive advantage.

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 approx. 3.9 USD billion in 2014 according to Conning Research. The key investment features making this an attractive asset class are attractive yields combined with excellent credit quality and low correlation with bonds and equities.

News

Management

Jonas Martenson - RessCapital
Jonas MartensonSales Director and Founder

Jonas Martenson has an international finance background and has lived in Switzerland, Belgium and the UK. In Switzerland he worked with OTC derivatives and then moved to Brussels to work in fund management. In 1996 he joined Schroders in London and subsequently worked for Bear Stearns and Merrill Lynch focusing on selling OTC derivatives and structuring derivative products to European institutional investors. Prior to co-founding Resscapital AB, Jonas was Head of Derivative Sales at Hypovereinsbank in London. Jonas holds a M.Sc. in International Economics from the Gothenburg School of Economics.

Johan Jonson - RessCapital
Johan JonsonRisk Manager

Johan Jonson has over 25 years of experience in the financial industry. After graduating from Uppsala University in 1990, Johan joined ABB Financial Services in Stockholm where he held positions in business administration, trading, market making and risk control. In 2003 he co-founded the hedge fund Latitude, which was then a part of the Brummer group. At Latitude, Johan was a partner and responsible for the Fund’s risk control, accounting and investor relations with support from Brummer & Partners. Johan has also worked as a financial consultant and as a teacher in financial securities and markets. Johan is also a Luxemburg SIF director and combines his role as Risk Manager with an assignment for Asymmetric Asset Management, a member of Sector Asset Management group in Oslo.

Anton Pozine - RessCapital
Anton PozineHead of Portfolio Management

Anton Pozine has extensive experience within the life settlements and longevity linked space. Anton joined Resscapital in 2011 and has reviewed longevity-linked securities with over USD 10 billion in face value and has purchased life insurance policies with over USD 450 million in face value. Anton holds a M.Sc. in Industrial Engineering and Management from the Linkoping Institute of Technology in Sweden.

Gustaf HAgerud - RessCapital
Gustaf HagerudManaging Director and Valuation Manager

Gustaf was previously Partner at the fund manager Kestrel Investment Partners in London. Before moving to London, Gustaf was Head of Asset Management and deputy CEO of the public pension fund AP3, one of the largest pension funds in Scandinavia with global investments in most asset classes. Gustaf worked for seven years at AP3 and prior to that ten years with global tactical asset allocation at Alecta and AP1. He has also been a trader in various positions at Nordea and Swedbank. Gustaf holds a PhD in Finance from Stockholm School of Economics, a MA in Economics from University of British Columbia and a BA in Economics from the University of Stockholm. His research is focused on volatility forecasting. He is also an author of a textbook on the Swedish financial markets.

Fredrik Thor - RessCapital
Fredrik ThorPortfolio Manager

Fredrik has 25 years’ experience in the financial industry. Prior to joining Resscapital, Fredrik worked at AMF Pension, a major Swedish pension fund for 15 years. His main assignment at AMF, was portfolio manager of global equities, but he was also active in infrastructure investments and was a director of the offshore wind farm company Ormonde Energy Limited. During the period 1994 to 2003 Fredrik worked for ABB Aros Securities in equity derivates. Fredrik holds a Master of Science degree from the Royal Institute of Technology in Stockholm. He is since 2002 a licensed financial advisor by Swedsec.

Board

Niklas MidbyChairman of the Board

Niklas Midby has a background mainly in finance. Niklas begun his career in consulting and then spent twelve years in international investment banking where he held various senior positions in corporate finance and private equity. Returning to Sweden, Niklas joined OM (now Nasdaq OMX) where he was responsible for all exchanges and clearing houses, including the Stockholm Stock Exchange. Since 2003 he manages his own investment company and serves on several boards, including as Chairman of Sbanken ASA. Niklas holds an B. Sc. from the Stockholm School of Economics.

Tina Söderlunde-Boley - RessCapital
Tina Söderlund-BoleyNon-Executive Director of the Board

Tina Söderlund-Boley has an international finance background from London, where she headed up the Northern European institutional and intermediary sales for a large fund manager for almost 20 years. Since 2018 she manages her own company. Currently, she works as Sales and Marketing consultant for a large Canadian asset manager, sits on the board for a Swedish tech company and is also active as an Angel investor in tech companies. Tina holds a Law degree from Uppsala University.

Jonas Martenson - RessCapital
Jonas MartensonSales Director and Founder

Jonas Martenson has an international finance background and has lived in Switzerland, Belgium and the UK. In Switzerland he worked with OTC derivatives and then moved to Brussels to work in fund management. In 1996 he joined Schroders in London and subsequently worked for Bear Stearns and Merrill Lynch focusing on selling OTC derivatives and structuring derivative products to European institutional investors. Prior to co-founding Resscapital AB, Jonas was Head of Derivative Sales at Hypovereinsbank in London. Jonas holds a M.Sc. in International Economics from the Gothenburg School of Economics.

Per-Anders Tammerlöv - RessCapital
Per-Anders TammerlövNon-Executive Director of the Board

Per-Anders Tammerlöv holds a degree in financial economics from Stockholm University and has been employed at Mangold since 2003 and CEO since 2006. Per-Anders has long experience from the financial sector including Alfred Berg (formerly, a part of ABN AMRO), Nordiska Fondkommission (now, a part of Ålandsbanken) and H&Q (now, a part of Carnegie). Per-Anders serves on the board of  Skandinaviska Kreditfonden AB, Resscapital AB, and Svenska Fondhandlareföreningen.

SUSTAINABILITY

Resscapital is regulated as an alternative investment fund manager (AIFM). Thus, we are already required to have a number of guidelines and policies in place, including ethical guidelines, insider trading policy, money laundering policy, a policy for equal treatment of investors etc.

As a company, we want to do more.

RESOURCES

MONTHLY REPORTS

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LIFE INSURANCE SETTLEMENT ASSOCIATION

www.lisa.org

BVZL, GERMAN ASSOCIATION FOR LIFE INSURANCE SECONDARY MARKET

www.bvzl.de

NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS

www.naic.org

PRINCIPLES FOR RESPONSIBLE INVESTMENT

www.unpri.org

GENERAL DATA PROTECTION REGULATION (GDPR)

Resscapital AB’s Privacy Policy