To expand its fund operations to Luxembourg
The Fortress International Fund has finalised a restructuring plan to expand its fund operations to Luxembourg. The new life settlement Fund will be launched later this year under the brand – Fortress International.
Fortress’s expansion to Luxembourg is part of a larger strategic effort to position itself within Europe’s investment community. The new Luxembourg Fund will provide existing Fortress investors a regulated domicile offering benefits such as an efficient tax framework, increased financial regulatory environment and increased investor transparency requirements.
Peter Dodd, fund director of Fortress, said: “Traditionally investors had to invest in speculative domiciles or individual policies to gain exposure in life settlements. Now, investors seek to benefit from moving into longevity, versus traditional equity investments that are still feeling the effects of a global recession.”
The Fortress International Fund offers investors the opportunity to diversify away from traditional investment funds by providing an opportunity to participate in the minimally correlated asset class known as life settlements. The Fund offers investors growth potential with a low level of volatility in comparison to traditional investment strategies. The Fund gains exposure on life settlements by investing in investment grade, medium-to-long-term US life insurance contracts.
Fortress International is an alternative investment management company providing investors with access to the secondary market for life insurance policies.