We are pleased to announce that Resscapial AB is merging with Finserve Nordic AB and Ress Life Investments will now be managed by Finserve Nordic AB. There are no changes in the portfolio management team and other personnel. The CEO of Finserve Nordic AB is Gustaf Hagerud who previously was the CEO of Resscapital AB.  

Finserve Nordic is authorised and regulated as a UCITS fund manager and an alternative investment fund manager (AIFM). The new group manages a broad range of funds with a focus on thematic and alternative investments and employs approx. 20 people. The management team has extensive experience in investments and international experience from having worked at major banks and hedge funds.

By: Eugeniu Guzun, Hedge Nordic

Discount rates in the U.S. life settlement market have increased in recent years, reflecting a shift in supply-demand dynamics. Higher interest rates have made traditional fixed-income investments more attractive, while inflation, higher living costs and economic uncertainty appear to have prompted more policyholders to sell their insurance policies in the secondary market. This combination has led to more attractive pricing for life insurance policies, creating a compelling opportunity for active managers such as Ress Life Investments.

To capitalize on this opportunity, Ress Life Investments has agreed to sell the majority of its existing portfolio at a price corresponding to net asset value. The divestment will be executed in quarterly tranches through the end of Q3 2026, with proceeds reinvested in newly acquired policies offering higher expected returns. “The background to the transaction is the current market opportunity of selectively buying polices at higher internal rates of return,” explains Hanna Persson, Head of Sales at Ress Capital. “Discount rates in the life settlement market have increased over the last two to three years and we believe this trend will continue in the coming 15 months.”

“The background to the transaction is the current market opportunity of selectively buying polices at higher internal rates of return.”

Hanna Persson, Head of Sales at Ress Capital.

The higher-rate environment and ongoing economic uncertainty have contributed to this repricing. While increased yields have made life settlements relatively less attractive compared to other asset classes, the corresponding pressure on policyholders – through inflation and rising living costs – has driven more people to sell their policies. This increase in supply has pushed discount rates higher, enabling buyers to secure more attractive entry points. “As an active manager, we saw an opportunity to protect the current portfolio’s value while freeing up capital to reinvest at more attractive return levels,” Persson adds.

“As an active manager, we saw an opportunity to protect the current portfolio’s value while freeing up capital to reinvest at more attractive return levels.”

Hanna Persson, Head of Sales at Ress Capital.

Ress Life Investments, which targets a net annual return of 7 percent in U.S. dollars, has delivered an annualized return of 5.9 percent over both the past five and ten years. With the portfolio rotation strategy now underway, the fund aims to gradually raise its target return to 8-10 percent in U.S. dollars. “The predefined sale structure allows us to reinvest proceeds as each tranche is completed, avoiding the need to maintain a large liquidity buffer,” says Persson.

Ress Life Investments is an alternative investment fund specializing in life settlements –acquiring life insurance policies from policyholders who no longer want or need them. Managed by a five-person investment team, the fund seeks to exploit pricing inefficiencies in the life settlement market, aiming to build a diversified, positively skewed, and uncorrelated return stream by aggregating individual policies with attractive risk-reward profiles.

Link to the article: Ress Life Rotates Portfolio to Capitalize on Repricing – HedgeNordic

We are pleased to announce that Ress Life Investments won second prize in the category “Best Nordic Diversified Hedge Fund 2024”. This is the seventh consecutive year that the fund has received an award.

The winners at the 2024 Nordic Hedge Award were selected in a three-step process. First, a model co-developed with the Swedish House of Finance at the Stockholm School of Economics selected the top five funds in each of the five strategy categories in the Nordic Hedge Index (limited to funds with a track record exceeding three years).

The model calculates a “quantitative” score for each fund based on several parameters such as short- and longer-term absolute, relative and risk-adjusted returns, as well as skewness in returns as a measure of downside risk.

The top five funds across the entire universe were also nominated in the “Best Nordic Hedge Fund Overall” category. Second, a jury board comprised of industry professionals assigned a “qualitative” score to each fund. Third, the quantitative and qualitative scores were put on equal footing and combined to determine the final results and rankings.

Read more Announcing the Winners of the 2024 Nordic Hedge Award – HedgeNordic

As of 7 April 2025, Resscapital AB has made a de-notification of arrangements made for marketing of units of Ress Life Investments A/S to professional investors in Croatia and Slovenia. 

A new report from the European Life Settlements Association (ELSA) and Conning highlights growing confidence in life settlements as an institutional asset class:

83% of investors cite portfolio diversification as a key advantage.

79% recognize the low correlation to broader financial markets.

44% plan to increase allocations over the next year.

Hanna Persson, Head of Sales at Ress Capital, emphasizes:
“Asset managers in the life settlement market have been promoting the lack of correlation benefit that our asset class offers to investors for many years, and rightly so, because the drivers of returns in this market are not related to the finance sector.”

For investors seeking uncorrelated, stable returns, life settlements are an increasingly relevant alternative.

Read the full article on Life risk News New Report Provides Both Food for Thought and Positive Reinforcement for Life Settlement Market – Life Risk News

Har du lite ledigt i mellandagarna och är sugen att lära dig nått nytt? Då vill vi tipsa om att lyssna in på podden Tid er penger som gästas av Jonas Martenson, grundare av Resscapital AB! 

Hör av dig till oss på Ress Capital för att prata vidare om intressanta investeringar.

#alternativainvesteringar #livförsäkringar #resscapital #diversifiering #lifesettlement #diversifyingassets

https://lnkd.in/dZwhgSZM

Ress Capital AB joins the Association of Independent Wealth Managers Singapore (AIWM).

Singapore is an important market for us since many years. Both family offices and External Asset Managers based in Singapore have invested in Ress Life Investments, and for us, becoming an AIWM member is a logical next step to show our commitment to both our clients and the investor community in the region.

You can read more about AWM here: About – Association of Independent Wealth Managers Singapore

Jonas Martenson, Founder of Ress Capital had a recent conversation with Scott Hawkins. The discussion covered various topics including, why the market is highly ethical, recent regulatory developments for the benefits for the individual in selling a policy.

Introduction
The secondary market for US life insurance policies offers a unique and stable investment opportunity. Unlike bonds and other asset classes, the valuation of life insurance policies shows minimal correlation with interest rate fluctuations, making it attractive to investors seeking diversification and lower volatility. Ress Capital has been a key player in this market, delivering strong returns over the years.

Life Insurance Investments vs. Bonds
One of the most significant advantages of life insurance investments is their limited sensitivity to bond yield movements. From 2012 to 2024, while bond yields fluctuated dramatically, life insurance policy prices in the secondary market remained stable.

As can be seen in the graph below, the US 10-year government bond yield increased by 230 basis points between 2022 and 2024, yet the implied internal rate of return (IRR) on life insurance policies increased by just 50 basis points. This demonstrates that the asset class is largely unaffected by broader interest rate changes.

By Eugeniu Guzun (HedgeNordic) – New Addition to Ress Sales Team Ahead of Fund Launch 

As Resscapital prepares to launch its second fund focused on life insurance policies, the specialist asset manager has further reinforced its sales team with the appointment of Andreas Julin as an institutional sales representative. He will work predominantly with Resscapital’s international capital raising activities, an answer to the increasing interest the manager is seeing from institutional investors outside of Sweden. Julin will work under the leadership of Hanna Persson, who serves as Head of Sales and Investor Relations at Resscapital.

Julin joins Resscapital with extensive experience in the financial sector, most recently serving as Senior Vice President Client Executive at Northern Trust, where he managed relationships with asset owners and managers. His career also includes roles such as Head of Sales and Marketing at FCG Fonder, and Head of Business Development and Investor Relations at hedge fund boutique QQM Fund Management. Julin’s career began at SEB, where he spent 15 years in various roles.

“We are excited to announce the strong addition of Andreas Julin to our Institutional Sales Team.”

Hanna Persson, Head of Sales and Investor Relations at Resscapital.

“At Resscapital AB, we are committed to leading in our area of expertise. In line with this commitment, we are excited to announce the strong addition of Andreas Julin to our Institutional Sales Team,” says Hanna Persson, Head of Sales and Investor Relations at Resscapital. “Andreas brings over two decades of experience in the financial industry, including strategic roles at Northern Trust, SEB, and more. His expertise in asset management, client relations, and sustainable investment will be invaluable as Resscapital continues to innovate and grow,” she adds. Jonas Mårtenson, the founder of Resscapital, echoes this sentiment: “Grateful that we’re growing and attracting talented new colleagues like Andreas Julin. Thanks to Hanna Persson for creating a dream team.”

“Grateful that we’re growing and attracting talented new colleagues like Andreas Julin.”

Jonas Mårtenson, founder of Resscapital.

With its 12-year-old flagship fund, Ress Life Investments, the team at Resscapital aims to deliver uncorrelated, equity-like returns with low volatility by investing in the U.S. secondary market for life settlements. Ress Life Investments has generated an annualized return of 6.2 percent over the past ten years, characterized by low volatility and minimal correlation with traditional asset classes. Resscapital is preparing to launch a second fund that will target the tertiary market for life insurance, where investors can trade blocks of life settlements among themselves.

“Happy to announce that I have joined Resscapital AB as Institutional Sales. Thank you Hanna Persson, Jonas Martenson, Gustaf Hagerud for this fantastic opportunity,” Julin announces on LinkedIn. “With the launch of our second fund, Ress Insurance Opportunities Fund II, we take the next step in our growth journey by offering qualified investors, who are looking for uncorrelated returns designed for stability and capital preservation, yet another efficient fund solution,” he adds.