Global Insurance Settlements Funds PLC is a purpose-built investment structure designed to give investors access to the secondary life insurance market also known as life settlements.
Currently, the first sub-fund is called the GIS General Fund.
GIS General Fund (“the Fund”) holds a stable and widely diversified portfolio of USA originated Life Settlement Policies. The Fund’s objective is to Buy and Hold to Maturity (ie. Not Trade) a diversified portfolio of Life Settlements Policies. The portfolio was structured with rigorous selection and due diligence process which include among other things, “stress testing” a policy’s susceptibility to LE extension
By examining the GIS General Fund, it would appear that the best times are yet to come. Our view is that investors coming into the Fund now will enjoy benefits in the coming years as the rate of maturities will exceed the preceding year as the portfolio moves through the cycle.
Key Features
Global Insurance Settlements Funds PLC (GISF) is a variable capital investment company authorised by the Central Bank of Ireland under Part XIII of the Companies Act 1990. The company has been structured as an umbrella fund with segregated liability between its sub-funds.
It was incorporated in Ireland as a public limited company on 14 September 2010, with registered number 489049. The sub-funds are qualifying investor alternative investment funds and are listed and traded on the Irish Stock Exchange.
The GIS General Fund is one of the suite of products offered by Global Insurance Settlements Funds PLC for whom we are the appointed Investment Manager. This Irish Umbrella QIF structure takes advantage of the tax clarity in Ireland, enabling us to develop the most appropriate structure for each investor.
The GIS General Fund is open-ended to ensure appropriate diversification for investors. Other Funds will be added in the near future to satisfy investor needs. As this fund is a Qualifying Investor Fund the minimum investment is 100,000 Euros (or equivalent thereof).
This structure is aimed at Sophisticated / Institutional investors and provides tax clarity by ensuring there is no tax leakage. It enables a number of different investment options to suit the specific needs of our investors. GI Asset Management Limited has been appointed as the Fund’s Investment Manager and Distributor.
For information on share pricing and returns please go here.
Separate Mandate
A separate mandate can be held in a sub-fund under our Global Insurance Settlements Funds PLC thus still providing you with the best structure from a transparency perspective. This allows you to own the policies in a legally separate pool with GI Asset Management Limited functioning as your Investment Manager giving you have more flexibility with portfolio construction.
Should you have a different structure in mind; we are happy to work with you on a structure which suits you best by providing you with access to our industry expertise.
