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.
As per 30th June 2018 the reported negative valuation movement was the result of the completion of the final stage of refreshing life expectancy reports, of all the insured lives in the portfolio. This has been done progressively on a rolling basis.
Fund's Key Features
|Investment Manager||GI Asset Management Limited|
|Fund's Legal Name||GIS General Fund|
|Asset Category||Insurance Linked Securities|
|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|
|Contact Phone Number||+353 1 640 1880|
Key Fund Statistics
|Assets Under Management||US$ 80,078,317.64|
|Calendar Year Return 2018||-6.98 %|
|Return Since Inception||2.38 %|
|Class I Shares Application Price||USD 0.8838 per share (Effective 1st November 2018)|
|Quarterly Report||Please refer to the Reports Page for the latest Quarterly Report.|
2018 Quarterly Return
|Year||Quarterly Return End March||Quarterly Return End June||Quarterly Return End September||Quarterly Return End December|
|2018||-1.41 %||-5.07 %||-1.46 %|