Life settlement funds hit Asia

Asian institutions have started to invest in life settlement funds and the market is being tipped for further growth. Life settlement funds are pools of life policies sold on by their original policyholders in exchange for a lump sum payment, and are viewed as having a low correlation to traditional asset classes.

UK-based Managing Partners, a life settlement investment company, has recently set up in Asia and has been pitching life settlement assets to Asian institutions in open-ended fund form