Archive for February, 2010

Published on 04 Feb 2010

Insurance Groups Slam Obama’s Budget Proposal

InvestmentNews

By: Darla Mercado

The life settlements and life insurance industries are criticizing President Barack Obama’s 2011 budget proposal, which includes provisions that would require additional reporting to the IRS for life settlements and would impose taxes on corporate-owned life insurance.

Commentary by Michael Abraham:

I  realize Obama and his government are desperate for cash but this just seems like an overreaction of a politician losing his appeal and following populist measures.  It also appears to be a restriction of trade and is unlikely to gather much additional tax revenue anyway!

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20100204/FREE/100209902/0/STATIC

Life Settlements News

Published on 03 Feb 2010

Managing Partners Sees Growing Interest in Life Settlement Funds in Asia

HedgeWeek

2/3/2010

Managing Partners, an investment company that manages funds investing in life settlements, says it is encountering a groundswell of investor interest in Asia after becoming the first company to have a life settlement fund authorised for distribution to institutions in South Korea.

Commentary by Michael Abraham:

The Traded Policy Fund is managed by Managing Partners whose raison d’être is the purchase of small face value policies giving good spread even in smaller funds. With an average face value of circa $700k and over 70 life offices and a strong steady performance they appear to achieving their goals.

http://www.hedgeweek.com/2010/02/03/33002/managing-partners-sees-growing-interest-life-settlement-funds-asia

Life Settlements News

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