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.
The Fund experienced a positive return of 0.79% for the June 2020 quarter.
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|
Share Price/Key Fund Statistics
|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.|