AIR Asset Management, a hedge fund management firm focused on longevity-linked investments such as life settlements and annuities, has announced that the AIR US Life Fund II strategy has exceeded USD160 million in assets under management.
The strong increase in the strategy’s assets has helped to fuel AIRAM’s rapid pace of growth as a firm. Despite the challenging environment over the last 18 months, AIRAM has been able to increase assets under management to over USD430 million. The firm believes this is a testament to the value and stability they provide for their investors.
“With high stock market valuations and a challenging yield environment with rates at historically low levels, many investors are seeking diversification and downside protection,” explains Stephen Luongo, Chief Investment Officer of AIRAM. “Our multi-strategy approach, designed to deliver consistent annual returns with low correlation to traditional financial investments, has been increasingly attractive to investors, which is why the strategy’s assets have more than doubled this year.”
Since its inception in August 2017, the strategy’s goal has been to provide long-term capital appreciation and minimal correlation to traditional asset classes. It invests in a proprietary portfolio of life insurance policies, life-contingent annuities, and related private credit opportunities. Its edge is its superior access to the life settlement and annuity markets, providing unique investment opportunities.
“This achievement is a testament to investor confidence in AIR Asset Management and our differentiated strategy. It also underscores the benefits of investing in life settlements, which are driven by the potential for diversified returns, low-risk profile, and the opportunity to participate in socially responsible investing,” says Richard Beleutz, Chief Executive Officer of AIRAM.