Alpha Growth PLC (LON:ALGW) (OTCQB: ALPGF), the financial services specialist in the growing Senior Life Settlement (SLS) asset class, has announced year-end results for its BlackOak Alpha Growth Fund.
On a net basis, the fund produced a 2020 calendar year return of 10.63% and a 13.71% total return since inception in September 2019.
Alpha Growth said it continues to actively market to registered investment advisors in the US and to look at supplementing the direct outreach with virtual events in the US that showcase the fund.
With its December listing on the US OTCQB market, Alpha Growth added, it intends to closely coordinate the US marketing of the fund with greater reference to the company so US investors are able to follow the holding company of the general partner and investment manager of the fund as well.
The fund said its directors believe that this will expand the interest of US investors in the company's shares.
Commenting to Proactive, Gobind Sahney, chairman and CEO of Alpha Growth PLC said: “For our first full calendar year, I am very pleased that we delivered on our stated objectives of capital appreciation with low correlation and low volatility relative to the broader markets given the challenges of 2020. It proves that we are able to deliver returns in an efficient manner and look to build on it moving forward.
"We can assure our investors that we use the latest in actuarial information for all of our investments and apply a valuation methodology that is transparent and accountable. We want to help build, protect, and maintain wealth for our investors.”
Alpha Growth offers investors a tax and fee efficient way of investing in life settlements, helping to build, protect and maintain wealth, bringing transparency to investing in life settlements, delivering non-correlated returns in volatile markets, helping to build, protect and maintain wealth.
It invests in life settlements targeting returns in the 10% to 14% range and seeks to provide a well-diversified, non-correlated, projected annual rate of return between 10% and 14% after the payment of all fees and expenses.
Confident that, continuing low-interest rates, continued volatility in the equity markets and the non-correlation of life settlement assets, the fund believes it is attractive to global investors.