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| Fund Overview | Life Settlements are resold life insurance policies and can be thought of as a form of finance extended to an individual backed by the person's life insurance policy. This financing is repaid upon maturity by collecting the death benefit from the insurance company. Risk mitigation measures implemented by Laureola include science-driven due diligence of policies, active monitoring of insured through a vertically integrated operation, and investor aligned fund design. |
| Manager Comments | The AUD feeder fund returned +0.2% in June and is up +0.9% CYTD. Laureola noted the past six months has been quieter than usual at the Fund with performance below expectations over this period. They encourage investors to use multiple time frames when analysing Life Settlements, with a focus on the medium to longer term. Over the past 12 months the Fund has returned 7.28% net to investors and has averaged 8.41% p.a. net over the past 24 months. The portfolio now holds 187 policies, including 22 large face, several with very short Life Expectancies. |
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