Archive for June, 2010

BVI investment fund signs agreement with Singapore company

Wednesday, June 2nd, 2010

British Virgin Islands-registered Tranen Capital Ltd., an investment fund working in the Secondary Market of Life Insurance, signed an agreement with Singapore-based iFAST Financial Pte Ltd. According to BVI fund’s announcement, the purpose of the agreement is to offer the Tranen Capital Alternative Investment Fund Ltd. to high net worth individuals via the iFAST Global Prestige (iGP) platform. The program is expected to be expanded in the near future and include Hong Kong, Indonesia and India.

The non-correlated fund offered by Tranen Capital invests in the secondary market for life insurance in the United States, which is part of the larger market called Insurance Linked Securities.

Also, the BVI fund will be sponsoring the Insurance Linked Securities conference which will be held for the first time in Hong Kong in October 2010. With the expansion of the global financial crisis, the demand for non-correlated assets has increased., and the HK conference will introduce new products and ideas to the Asian financial market.