SOURCE: Fortress International Fund

Fortress International Life Settlement Fund

December 06, 2010 03:30 ET

Fortress Launches Luxembourg Regulated Life Settlement Fund

LUXEMBOURG--(Marketwire - December 6, 2010) - Fortress International announced today that it is launching an open-ended, fully regulated Specialised Investment Fund in Luxembourg.

The Fund is open for subscription from December 1st, 2010 as a SICAV SIF offering GBP, EURO and USD share classes. When the markets become volatile as a result of asset correlation, the Fund's investment in life settlement policies, also known as traded life policies, offers unique protection. This strategy is expected to optimise the risk-return proposition for the long-term investor.

Speaking at the launch of the new fund, Mr. Peter Dodd, Fortress' Managing Director, said, "The global trend is for regulation of investment funds, and Fortress always prides itself in doing what's best for investors and staying ahead of the curve." Fortress's expansion into European regulated vehicles is part of a larger strategic effort to position itself within Europe's wider investment community. Due to increased concern over unregulated collective investment schemes, The Fortress International Fund LFP PRIME SICAV SIF will provide Fortress investors with a highly regulated structure offering numerous benefits including an efficient tax framework, an increased financial regulatory environment and increased investor transparency.

"In this time of increased regulation around the world it is imperative to provide investors with new investment vehicles that encompass the correct attributes; Tax Compliance, Regulation, Transparency, Proper and Correct Underwriting and a Mark to Market Valuation," said Jose Garcia, Carlisle's CEO, "and the new Fortress International Fund addresses each of them." Carlisle Management Company, a regulated management firm in Luxembourg, will be managing the Fortress Portfolio.

The Fortress International Fund LFP PRIME SICAV SIF 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 boasting over seven years of positive performance.

Luc Leleux, Founder of Luxembourg Fund Partners S.A., one of the Board Members of the LFP Prime SICAV SIF platform, said, "It is a great opportunity for us and our client to have organized this partnership with Fortress and Carlisle Management Company; the combination of our expertise in managing regulated investment funds with Carlisle's undisputable expertise in investing in U.S. Life insurance contracts together with Fortress's long established track record as alternative managers makes this venture a promising one for investors."

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 other details please call Clear Blue, the fund's marketing distributor, at +44(0)1438.822.910 or visit Fortress' website at

About Luxembourg Fund Partners S.A.:
Luxembourg Fund Partners S.A. is a bespoke independent advisory firm offering comprehensive and tailored solutions integrated through financial products of the Grand Duchy of Luxembourg. LFP is a market leader in the Fund industry, experts in building, administrating and managing Regulated Investment Funds and Investment Structures on behalf of private and institutional clients. Please visit our website or contact us by email on, alternatively please call us on +352.691.362.315

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