Fortress International has launched an open-ended, fully regulated Specialised Investment fund in Luxembourg.
The fund is open for subscription from 1 December 2010 as a SICAV SIF offering GBP, EURO and USD share classes.
According to the comopany, when the markets become volatile as a result of asset correlation, the fund’s investment in life settlement policies, also known as traded life policies, offers unique protection. This strategy is expected to optimise the risk-return proposition for the long-term investor.
The Fortress International Fund LFP PRIME SICAV SIF offers investors the opportunity to diversify away from traditional investment funds by providing an opportunity to participate in the minimally correlated asset class known as life settlements.
The company said that the fund offers investors growth potential with a low level of volatility in comparison to traditional investment strategies. The fund gains exposure on life settlements by investing in investment grade, medium to long term, US life insurance contracts.
Fortress managing director Peter Dodd said that the global trend is for regulation of investment funds, and Fortress always prides itself in doing what’s best for investors and staying ahead of the curve.