Life settlements fund added to offshore bond lists

Despite volatility in traditional investment markets, the £184m fund has delivered 34 consecutive months of growth. Guernsey-based EEA Fund Management buys life insurance policies from holders in the US at a price much higher than the surrender value and then pays all future premiums until maturity, when it collects the face value. The fund has remained unaffected by the turbulence buffeting other asset classes, with the benchmark sterling C class share generating a return of 10.8% net of charges during the last 12 months, rising by 1.3% in October. Peter Winders, EEA's marketing dire...