Old Mutual adds fourth tranche of Maxima bond

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Old Mutual Guernsey (OMG) has launched a fourth tranche of the single premium, whole of life Maxima ...

Old Mutual Guernsey (OMG) has launched a fourth tranche of the single premium, whole of life Maxima Special Bond. This invests in the OMG/Mellon Absolute Fund, a fund of alternative strategy hedge funds managed by Mellon Global Alternative Investments. The bond has a lifetime of five years, however, as a whole of life policy the bond can continue to run after the fund's five-year term and invest in other OMG funds available at the time. The offer period lasts until 15 March. It features a 100% guarantee on capital after a 5% bid offer spread.

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