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News

27 Oct 2020 - Performance Report: Laureola Investment Fund

By: Australian Fund Monitors

Report Date27 October 2020
ManagerLaureola Advisors
Fund NameLaureola Investment Fund
StrategyLife Settlements
Latest Return DateSeptember 2020
Latest Return0.39%
Latest 6 Months6.48%
Latest 12 Months11.30%
Latest 24 Months (pa)5.42%
Annualised Since Inception16.74%
Inception Date01 May 2013
FUM (millions)US$64
Fund OverviewA 'Life Settlement' is the transfer of the ownership and beneficial interest in a life insurance policy to a third party. The policy owner transfers their rights to the policy in return for an immediate cash payment. The buyer of the policy is then responsible for its maintenance and will be entitled to receive the policy benefits from the insurance company upon maturity.

The investment strategy of The Laureola Investment Fund is dynamic and flexible, designed to take advantage of the frequent but temporary pricing anomalies of an asset class that is not yet fully understood by the majority of participants.

Laureola Advisors applies 'best practices' common in the management of traditional assets, particularly the use of independent, in-house, proprietary research.
Manager CommentsLaureola's Life Settlements fund continued its track record of 89 out of 90 positive returns with a positive 0.4% for the month, 11.3% over 12 months and 8% YTD, against the backdrop of increased market volatility and the COVID pandemic.

Laureola reported that both the most recent month's and YTD returns have been almost all based on realised gains from maturities - as opposed to accounting gains from revaluations of currently held policies.
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