Elysium Capital has launched a fund investing in Traded Life Policies (TLPs) for investors in Eastern Europe.
The Elysium High Protection fund is designed to offer investors the opportunity to benefit from steady, incremental returns offered by TLPs. TLPs are US-issued whole of life policies sold before their maturity date. The fund targets returns of 9% p.a. net of all charges and is aimed at professional investors plus IFAs and institutions that may elect to distribute the fund to retail investors. The firm claims its fund is the first to invest in TLPs to be distributed in Eastern Europe that offers investors the opportunity of participating in their own currency. Elysium is a joint vent...
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