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About the company
Life Settlement Assets PLC is a closed-ended investment company. The Company invests in, and manages, portfolios of whole and fractional interests in life settlement policies issued by life insurance companies operating predominantly in the United States. The Company’s objective is to generate long-term returns for investors by managing its portfolios of life settlement interests so that the realized value of the policies at maturity exceeds the aggregate cost of acquiring the policies, ongoing premiums, management fees and other operational costs. The Company seeks to achieve this for each of its separate Share Classes. The Company's investment manager is Acheron Capital Limited.
- Revenue in USD (TTM)16.66m
- Net income in USD6.91m
- Incorporated2017
- Employees0.00
- LocationLife Settlement Assets A115 Park StreetLONDON W1K 7APUnited KingdomGBR
- Phone+44 20 7258 5990
- Websitehttps://www.lsaplc.com/#
Profile
Management group(s) | Acheron Capital Ltd |
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AIC sector | Insurance & Reinsurance Strategies |
ISIN | GB00BF1Q4B05 |
Launch date | 26 Mar 2018 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | USD |
Objective
To generate long-term returns s for investors by investing in the life settlement market.
Managed by
Not Disclosed |
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Management & contract fees
Management fee payable monthly is 1.5% of the NAV. Performance fee shall be equal to 20% of the sum of the distributions made to the holders, in excess of the Performance Hurdle. The Contract is terminable on 6 months notice.
Peer analysis
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Octopus Aim VCT 2 PLC | 1.02m | -1.53m |
Institutional shareholders
Holder | Shares | % Held |
---|---|---|
Metage Capital Ltd.as of 31 Dec 2023 | 2.10m | 4.56% |
Square Capital LLPas of 30 Jun 2024 | 1.67m | 3.62% |
Premier Fund Managers Ltd.as of 31 Dec 2023 | 1.53m | 3.31% |
Sentinel Portfolio Management Ltd.as of 31 Jan 2024 | 0.00 | 0.00% |