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The information on this website has been compiled for the purpose of advising and/or managing a number of funds and its intended purpose is as a general introduction to life settlements as a potential source of investment for institutional investors. No investment advice is offered or given by the Investment Manager to any persons accessing information on this site. As such intending investors should first read the prospectus in detail and then take advice from their own professional advisers before making any investment decision. This website should not be regarded as an offer or solicitation to invest in the Funds in any jurisdiction where such activity is unlawful.
The following information applies to every page on this website, whether or not such pages individually contain a disclaimer notification. You agree that you have to read and understand the information contained on this page and confirm that you are eligible to read the documents posted on the website before you enter it. Please also read the full Terms and Conditions highlighted at the end of each page on this website.
Any information featuring on this website has been thoroughly researched by the Investment Manager. However, Global Insurance Settlements Funds PLC does not in any way guarantee or warrant, either implicitly or explicitly, the completeness or accuracy of the information posted on this site.
Should retail investors wish to access this asset class please refer to www.lifesettlementsfund.com
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The GIS General Fund is one of the suite of products offered by Global Insurance Settlements Funds PLC.
This structure is aimed at Sophisticated / Institutional investors and provides tax clarity by ensuring there is no tax leakage.
The GIS General Fund’s overall investment objective is to generate attractive risk-adjusted returns over time, by actively managing a large and diversified portfolio of life insurance policies through Life Settlement transactions.
Global Insurance Settlements Funds PLC (GISF) invests in life settlement policies and its first Fund, the GIS General Fund has been seeded with seasoned policies.
Bear in mind that the fund has ongoing premium payments to make on each policy until a claim has been lodged. It is the collection of these proceeds that drives the return and we anticipate an increased number of claims will be lodged over time.
The large negative movement in the reporting value is the result of having all policies in the Fund re-underwritten in the June 2019 quarter. Normally, the Fund has re-underwritten portions of the portfolio on a rolling basis, due to the buy and hold investment strategy of the fund.
The Fund has experienced positive returns in the September and December 2019 quarters of 1.75% and 3.49% respectively as a result of maturities.
June 2020
The Fund experienced a positive return of 0.79% for the June 2020 quarter.
| Investment Manager | GI Asset Management Limited |
| Fund's Legal Name | GIS General Fund |
| Domicile | Ireland |
| Asset Category | Insurance Linked Securities |
| Structure | Umbrella Fund/Company |
| Launch Date | February 2012 |
| Investment Horizon | 5 years + |
| Custodian | CACEIS Bank Luxembourg Dublin Branch |
| Minimum Investment | €100,000 or equivalent |
| Product Name | GIS General Fund - Class I Shares |
| SEDOL Code | B66NST9 |
| ISIN | IE00B66NST91 |
| Website | www.gisfunds.com |
| Contact Email | admin@gisfunds.com |
| Contact Phone Number | +353 1 640 1880 |
| Assets Under Management | US$ 52,982,422.23 |
| Class I Shares Application Price (Share Price) | USD 0.6206 per share (Effective 1st October 2020) |
| Quarterly Report | Please refer to the Reports Page for the latest Quarterly Report. |
