EEA Life Settlements fund toasts successive gains

The fund returned 8.78pc to investors in the 12 months to August 31 2007, and 70 basis points for the month of August alone. The fund invests in life insurance policies purchased from third parties who assign over any future benefits to the purchaser. The purchaser maintains the premium on the policy and collects the benefits on maturity. Its objective is to provide a benchmark 8pc net annual return, on a stable long-term basis, with the prospect of total target net returns of 9-10pc per annum. The returns are totally uncorrelated to other asset classes. Peter Winders, Mark...