Global themes - Life settlement market prospers amid gloom

The meltdown in the global equities and bond market is having positive side-effects for managers of life settlement funds. As the global appetite for longevity-related capital growth products increases against the backdrop of market turmoil, larger investors are now looking at this investment vehicle as holding out the prospect of steady growth and solid returns with a lower volatility rating. The life settlement market will also draw great comfort from the Federal Reserve's willingness to offer support to AIG (the largest US insurance company by assets). A life settlement involves th...