Resscapital AB

Ress Life Investments

Strategy Description

Resscapital AB is an alternative investment fund manager (AIFM) authorised and regulated by the Swedish Financial Services Authority (Finansinspektionen). We are the fund manager for Ress Life Investments, a fund investing in the secondary market for US life insurance policies, also known as life settlements.

Ress Life Investments is listed at Nasdaq Copenhagen since 2015 and owns a diversified life insurance portfolio. We have developed proprietary portfolio management systems and pricing models, in order to gain an advantage when purchasing policies. We also collaborate with independent medical underwriters specialising in senior mortality in order to provide more accurate assessments and mortality distributions.

Our management team has extensive experience in the secondary market for life insurance policies (life settlements), complimentary backgrounds and international experience from having worked at major banks and hedge funds. The board of directors consists of both successful entrepreneurs and senior managers with extensive experience from the financial industry.

Fund Information

General Information

NHX CategoryMulti-strategy
NHX CountrySweden
Legal StructureInvestment Company
Fund DomicileDenmark
Minimum Investment200,000 USD
AUM382M USD
Inception DateApr 2011
Management Fee1.50%
Performance Fee15.00%

Company Information

CompanyResscapital AB
PrincipalJonas Mårtenson
Investor RelationsHanna Persson
AddressSturegatan 46
Stockholm, 114 36
Phone+46 8 545 282 09
E-mail[email protected]
Websitewww.resscapital.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 -0.07 0.04 0.05 -0.04 -0.02
2022 0.18 -0.15 -0.04 1.28 2.22 3.50 -0.11 0.19 0.71 0.26 -0.53 0.74 8.49
2021 -0.61 -0.09 0.02 0.35 0.71 0.06 0.11 -0.21 2.46 1.85 0.56 0.02 5.31
2020 -0.03 0.51 -0.40 -0.24 0.90 1.30 4.20 -0.42 -0.80 1.55 -0.18 0.70 7.22
2019 0.26 0.90 0.45 0.08 0.58 1.99 0.26 0.15 0.97 0.46 0.48 1.15 7.99
2018 0.27 -0.11 0.21 -0.05 5.57 -0.03 0.71 0.38 1.71 0.29 0.52 0.15 9.91
2017 0.04 0.15 5.12 0.86 -0.06 0.77 -0.15 0.02 0.01 -0.03 -0.02 -0.03 6.77
2016 1.41 -0.63 1.24 0.40 -0.77 -0.56 1.02 0.09 -0.02 0.43 0.06 0.01 2.68
2015 3.31 0.51 0.25 0.55 0.02 -1.26 1.53 0.10 0.18 -0.98 0.37 1.23 5.89
2014 0.36 0.47 0.29 0.11 0.09 -0.15 0.25 0.01 0.24 1.60 0.42 1.04 4.82
2013 0.05 -0.03 0.08 -0.02 0.70 -0.15 0.37 0.19 0.01 0.28 0.29 0.06 1.85
2012 -0.46 -1.06 -1.57 -0.12 0.18 -0.31 0.53 -0.05 0.01 0.27 0.01 0.00 -2.54
2011 0.00 -0.44 -0.41 -0.66 -1.18 -0.60 -0.61 -1.59 -0.84 -6.18

Portfolio Managers

Anton Pozine, Head of Portfolio Management, has extensive experience within the life settlements and longevity linked space. Anton joined Resscapital in 2011 and has reviewed longevity-linked securities with over USD 10 billion in face value and has purchased life insurance policies with over USD 450 million in face value. Anton holds a M.Sc. in Industrial Engineering and Management from the Linkoping Institute of Technology in Sweden.

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. HedgeNordic in no way guarantees the accuracy of these numbers and has supplied them to you for information purposes only. This does not constitute a solicitation to buy or an offer to sell. No investment should be made without fully reviewing the associated risk factors, fees and conflicts of interest as outlined in each fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past results are not necessarily indicative of future results. Trade only with risk capital. Sales restrictions may apply in your jurisdiction.

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 MONTH ROLLING ROR Return

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -9.28% 14 31 05/2011 01/2015
2 -1.33% 2 4 05/2016 10/2016
3 -1.26% 1 1 06/2015 07/2015
4 -1.22% 2 1 08/2020 10/2020
5 -.98% 1 2 10/2015 12/2015

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.02%0.03%0.57%0.57%0.57%
% Positive66.67%50.00%66.67%70.83%66.67%
Avg. Pos. Period0.05%0.28%0.96%0.88%1.00%
Avg. Neg. Period-0.04%-0.21%-0.19%-0.16%-0.27%
Sharpe Ratio1.430.291.822.041.82
Sortino Ratio2.500.4912.5915.959.37
Monthly Volatility0.04%0.37%1.10%0.97%1.09%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 5.57%-1.59%.35%.11%-.04%66.90%
3 Months 7.15%-3.06%1.08%.58%.05%80.42%
6 Months 8.83%-5.99%2.24%1.58%.19%89.29%
1 Year 12.55%-9.16%4.90%6.12%7.11%91.04%
2 Years 19.08%-8.50%10.70%11.90%14.61%91.80%
3 Years 27.27%-5.83%17.35%19.88%22.68%93.64%
5 Years 45.41%5.36%31.77%34.70%44.91%100.00%

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

AUM (EUR)

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. HedgeNordic in no way guarantees the accuracy of these numbers and has supplied them to you for information purposes only. This does not constitute a solicitation to buy or an offer to sell. No investment should be made without fully reviewing the associated risk factors, fees and conflicts of interest as outlined in each fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past results are not necessarily indicative of future results. Trade only with risk capital. Sales restrictions may apply in your jurisdiction.

Strategy Description

Resscapital AB is an alternative investment fund manager (AIFM) authorised and regulated by the Swedish Financial Services Authority (Finansinspektionen). We are the fund manager for Ress Life Investments, a fund investing in the secondary market for US life insurance policies, also known as life settlements.

Ress Life Investments is listed at Nasdaq Copenhagen since 2015 and owns a diversified life insurance portfolio. We have developed proprietary portfolio management systems and pricing models, in order to gain an advantage when purchasing policies. We also collaborate with independent medical underwriters specialising in senior mortality in order to provide more accurate assessments and mortality distributions.

Our management team has extensive experience in the secondary market for life insurance policies (life settlements), complimentary backgrounds and international experience from having worked at major banks and hedge funds. The board of directors consists of both successful entrepreneurs and senior managers with extensive experience from the financial industry.

Fund Information

General Information

NHX CategoryMulti-strategy
NHX CountrySweden
Legal StructureInvestment Company
Fund DomicileDenmark
Minimum Investment200,000 USD
AUM382M USD
Inception DateApr 2011
Management Fee1.50%
Performance Fee15.00%

Company Information

CompanyResscapital AB
PrincipalJonas Mårtenson
Investor RelationsHanna Persson
AddressSturegatan 46
Stockholm, 114 36
Phone+46 8 545 282 09
E-mail[email protected]
Websitewww.resscapital.com
Social Media

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2023 -0.07 0.04 0.05 -0.04 -0.02
2022 0.18 -0.15 -0.04 1.28 2.22 3.50 -0.11 0.19 0.71 0.26 -0.53 0.74 8.49
2021 -0.61 -0.09 0.02 0.35 0.71 0.06 0.11 -0.21 2.46 1.85 0.56 0.02 5.31
2020 -0.03 0.51 -0.40 -0.24 0.90 1.30 4.20 -0.42 -0.80 1.55 -0.18 0.70 7.22
2019 0.26 0.90 0.45 0.08 0.58 1.99 0.26 0.15 0.97 0.46 0.48 1.15 7.99
2018 0.27 -0.11 0.21 -0.05 5.57 -0.03 0.71 0.38 1.71 0.29 0.52 0.15 9.91
2017 0.04 0.15 5.12 0.86 -0.06 0.77 -0.15 0.02 0.01 -0.03 -0.02 -0.03 6.77
2016 1.41 -0.63 1.24 0.40 -0.77 -0.56 1.02 0.09 -0.02 0.43 0.06 0.01 2.68
2015 3.31 0.51 0.25 0.55 0.02 -1.26 1.53 0.10 0.18 -0.98 0.37 1.23 5.89
2014 0.36 0.47 0.29 0.11 0.09 -0.15 0.25 0.01 0.24 1.60 0.42 1.04 4.82
2013 0.05 -0.03 0.08 -0.02 0.70 -0.15 0.37 0.19 0.01 0.28 0.29 0.06 1.85
2012 -0.46 -1.06 -1.57 -0.12 0.18 -0.31 0.53 -0.05 0.01 0.27 0.01 0.00 -2.54
2011 0.00 -0.44 -0.41 -0.66 -1.18 -0.60 -0.61 -1.59 -0.84 -6.18

Portfolio Managers

Anton Pozine, Head of Portfolio Management, has extensive experience within the life settlements and longevity linked space. Anton joined Resscapital in 2011 and has reviewed longevity-linked securities with over USD 10 billion in face value and has purchased life insurance policies with over USD 450 million in face value. Anton holds a M.Sc. in Industrial Engineering and Management from the Linkoping Institute of Technology in Sweden.

Return Statistics

Last Month Return -
3 Month Return 0.05%
Year to Date Return -0.02%
12 Month Return 7.11%
36 Month Return 22.68%
Total Return Annualized 4.22%
Winning Months (%) 66.90%
Average Winning Month 0.72%
Average Losing Month -0.40%
Total Return Cumulative 64.73%

Risk Statistics (12M)

1 Year
Sharpe Ratio1.82
Sortino Ratio12.59
Sterling0.68
Calmar13.41
Skewness2.17
Kurtosis4.72
Maximum Drawdown-0.53%
Correlation vs S&P 500-0.56
Annualized Volatility3.82%
Annualized Down. Deviation0.69%

Risk/Return Comparison

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 MONTH ROLLING ROR Return

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -9.28% 14 31 05/2011 01/2015
2 -1.33% 2 4 05/2016 10/2016
3 -1.26% 1 1 06/2015 07/2015
4 -1.22% 2 1 08/2020 10/2020
5 -.98% 1 2 10/2015 12/2015

Drawdown

Up Capture vs. NHX Composite

Down Capture vs. NHX Composite

Time Window Analysis

3 Months6 Months1 Year2 Years3 Years
Avg. Monthly Return0.02%0.03%0.57%0.57%0.57%
% Positive66.67%50.00%66.67%70.83%66.67%
Avg. Pos. Period0.05%0.28%0.96%0.88%1.00%
Avg. Neg. Period-0.04%-0.21%-0.19%-0.16%-0.27%
Sharpe Ratio1.430.291.822.041.82
Sortino Ratio2.500.4912.5915.959.37
Monthly Volatility0.04%0.37%1.10%0.97%1.09%

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 5.57%-1.59%.35%.11%-.04%66.90%
3 Months 7.15%-3.06%1.08%.58%.05%80.42%
6 Months 8.83%-5.99%2.24%1.58%.19%89.29%
1 Year 12.55%-9.16%4.90%6.12%7.11%91.04%
2 Years 19.08%-8.50%10.70%11.90%14.61%91.80%
3 Years 27.27%-5.83%17.35%19.88%22.68%93.64%
5 Years 45.41%5.36%31.77%34.70%44.91%100.00%

Volatility (12 Months Rolling)

CORRELATION (12 MONTH ROLLING)

AUM (EUR)

Disclaimer

This information is intended for institutional investors only. All data including performance numbers have been supplied by the respective managers and funds. HedgeNordic in no way guarantees the accuracy of these numbers and has supplied them to you for information purposes only. This does not constitute a solicitation to buy or an offer to sell. No investment should be made without fully reviewing the associated risk factors, fees and conflicts of interest as outlined in each fund’s risk disclosure document. There may be funds which have chosen not to be listed in the HedgeNordic database and the NHX that may have better or worse performance than those in our database.

The risk of loss in investing in hedge funds can be substantial. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition. Past results are not necessarily indicative of future results. Trade only with risk capital. Sales restrictions may apply in your jurisdiction.