Suspended second hand life policy investment EEA Life Settlements has found a broker with clients interested in buying up investors' trapped holdings - at a discount.
In a letter to investors, EEA Fund Management named Tullett Prebon Alternative Investments as the broker that will match certain clients looking to buy with EEA investors seeking to sell. Tullet Prebon's alternatives business provides institutional investor clients with access to primary and secondary markets in various alternative investments such as hedge funds, private equity and real estate funds, according to the UK head of the arm. The letter, seen by Professional Adviser, has only been sent to the approximately 60% of EEA investors holding ‘run-off shares', inviting them to con...
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