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NewswireTODAY - /newswire/ -
Grand Cayman, BWI, United Kingdom, 2009/09/25 - GHF Group announces today that subscriptions in their their Life Settlement Fund has now surpassed that of their popular GHF Aggressive Fund.
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“This is a result of offering a protected investment with guaranteed returns in an environment of devastated equity markets. Sophisticated investors are rapidly realizing the benefits of the life settlement industry and are quickly trying to secure their own piece of the pie.” said senior trader Nelson Garber.
A life settlement is a financial transaction in which an existing life insurance policy owner sells their policy to a third party. The purchaser then becomes the beneficiary of the policy in addition to assuming responsibility for all subsequent premium payments.
In general, life settlements are an option for high-net-worth policy owners aged 65 or older who want or need access to cash. Independent estimates report that 20% of policies have a market value that well exceeds the cash value offered by the carrier. The majority settled policies are Universal Life (UL) policies which provide coverage for the entire life of the insured. Policies typically have a face value of between $100,000 and $10,000,000 and have been in-force for over two years so as to be outside of the insurance company’s contestability period.
Global Hedge Fund Group Ltd (GHF Group) has been developing customized alternative investment solutions and providing corresponding advisory services since 2000. Our priority lies with hedge funds and private equity. GHF Group (ghfgroup.net) has also become a leader in providing funds in the life settlement industry. All products are designed to provide sustainable and above-average rates of return. Instability and risk are reduced by well-structured investment strategies whose clarity and success are established. Our team of competent professionals has the distinction of reliability, effectiveness and promptness. GHF Group's expertise in hedge funds is enhanced by a close association with leading research firms, successful hedge fund managers, and brokerage houses whose macro research gives its research team an edge in understanding world market trends, enabling them to make better hedge-fund allocation decisions.
This news release may contain forward-looking statements, as defined by securities laws, including statements about the financial outlook and business environment. Any such statements are based on current expectations and involve a number of risks and uncertainties. Important factors, including those mentioned in this news release, that could cause actual results to differ materially are set forth in the company’s current annual report and subsequent filings. They include risks and uncertainties relating to the pace at which GHF Group adds new clients or at which existing clients use additional services, the value of global and regional financial markets, and the dynamics of the markets GHF Group serves. GHF Group encourages investors to review filings in conjunction with this announcement and prior to making any investment decision. The forward-looking statements contained in this news release speak only as of the date of release, and the company does not undertake to revise those forward-looking statements to reflect events after the date of this release.
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