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Printed: 13 August 2022 10:27 PM

News

29 Oct 2021 - Performance Report: Laureola Australia Feeder Fund
By: Australian Fund Monitors

Report Date29 October 2021
ManagerLaureola Advisors
Fund NameLaureola Australia Feeder Fund
StrategyLife Settlements
Latest Return DateSeptember 2021
Latest Return0.09%
Latest 6 Months3.90%
Latest 12 Months5.94%
Latest 24 Months (pa)8.59%
Annualised Since Inception15.40%
Inception Date01 May 2013
FUM (millions)US$69
Fund OverviewThe Laureola Investment Fund's strategy is to provide investors with exposure to the returns of life settlements in a risk mitigated manner.

Life Settlements are resold life insurance policies and can be thought of as a form of finance extended to an individual backed by the person's life insurance policy. This financing is repaid upon maturity by collecting the death benefit from the insurance company.

Risk mitigation measures implemented by Laureola include science-driven due diligence of policies, active monitoring of insured through a vertically integrated operation, and investor aligned fund design.
Manager CommentsThe Laureola Master Fund rose +0.09% in September and is up +5.94% over the past 12 months. Since inception in May 2013, it has returned +15.40% p.a. with an annualised volatility of 5.44%.

The portfolio now holds 184 policies with a combined $127 ml of Face value; The average Life Expectancy is 74 mos. 35% of the insureds have a Life Expectancy of less than 4 years, including the insureds of several larger policies. 22 insureds are more than 90 years old, including the insureds of several larger policies.

In their latest report, Laureola noted there are growing indications that we are entering a difficult period for the traditional markets and for the global economy. They believe Laureola investors can be confident that their investment in the Laureola Fund is well sheltered from the coming storms. The fund has a low correlation to all major indices.
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