Luxembourg (IBwire.com - September 15, 2009) The Fortress International Fund announced today that it has finalized a restructuring plan to expand its fund operations to Luxembourg. The new life settlement Fund will be launched later this year under the Fortress International brand.
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 highly regulated domicile offering numerous benefits including an efficient tax framework, increased financial regulatory environment and increased investor transparency requirements.
“Traditionally investors had to invest in speculative domiciles or individual policies to gain exposure in life settlements,“ said Peter Dodd, Fortress’ Fund Director. “Now, investors seek to benefit from moving into longevity, versus traditional equity investments that are still feeling the effects of a global recession”. The expansion of services to Luxembourg is part of Fortress’ strategy to reinforce its global presence and capitalize on increased investor demand within Europe for longevity-based assets.
The Fortress International Fund offers investors the opportunity to diversify away from traditional investment funds by providing a unique 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 U.S. life insurance contracts. Established in 2003, Fortress is one of the longest continuously running investment managers in the life settlement fund sector and boasts over five years of positive performance.
“Fortress’s reputation in the life settlement market is impeccable,“ said Peter Dodd. “Our clients have long benefited from Fortress’s high level of service and performance in the BVI and now we have the opportunity to provide the same level of unprecedented benefit in Luxembourg”. In 2007, Luxembourg made a series of changes to its investment regulations, including the introduction of the new specialized investment funds (SIFs). As a result, SIF Luxembourg Funds are becoming popular as fund managers seek to take advantage of their tax transparency status.
About Fortress International
Fortress International is an alternative investment management company providing investors with access to the secondary market for life insurance policies. For more information about Fortress International, offering memorandums and details please visit Fortress’s website athttp://www.fortressinternationalfund.com or email info@fortressinternationalfund.com.
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