Many strategies claim to be non-correlated, but the problem for investors is that it works until it does not work. Sadly, everything seems to go down together in a major market downturn – the very outcome investors try to avoid by investing in alternatives.
non-correlation
Life settlements – part of the alternative fixed-income universe
What are life settlements? Life settlements are life insurance policies which have been sold to an investor who pays the premiums and eventually collects the death benefit.
Quiet month for Laureola; effects of US interest rates on LS prices
The Laureola Bermuda Fund was up 0.1% in March, and up 0.5% ytd. One small policy matured and four polices were added to the portfolio last month. The portfolio now has 188 policies with an average face of $710k. 37% of the policies have a Life Expectancy of 48 months or less.
Consistent investment performance – slow and steady wins the race
When looking at asset class returns over the last ten years, it is easy to see the shifting fortunes of asset classes from one year to the next. If an investor seeks stability in returns, what should be the characteristic to look out for?
February steady for Laureola with consistency the key
The Laureola Bermuda Feeder Fund returned 0.4% in February and an average of 7.2% per annum over the past 3 years, a period which includes the unusual month of December 2018.