New York (HedgeCo.net) – UK and US based, MVP Asset Management LLC’s recently launched hedge fund, the MVP Premium, reports returns of 46% since inception (38 months), placing it amongst the top 1% across all three share classes (EUR, GBP, USD) ranked according to Sharpe Ratio by Cogent Hedge.
“While 2010 to date has been affected by an imbalance of supply and demand resulting in illiquidity in the life settlement marketplace, as a burgeoning asset class, it continues to offer a compelling long term risk-adjusted return as compared to the market as a whole”. Torben Rankine, the fund’s manager, said.
Minimum investment is set at $10,000 US, £10,000 and €10,000. Capital in the MVP Premium fund is pooled and passed through the lending fund which, in turn, arranges loans to providers of premium finance and traders of life settlements.
The underlying investment portfolio provides for extensive diversification amongst 27 life insurers, with an average exposure of less than 4% per insurer and insurance carriers must be A.M. Best Financial Strengths Rating A- or better.
While the Fund itself launched 1st September 2009, up until that date the published returns pertain to the underlying strategy that has an audited track record for 2006, 2007, and 2008. Unique to the industry, MVP Premium Fund provides access to this market by participating in secured lending to funds active in the life settlement and premium finance space.
Alex Akesson
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