Alpha Growth Share Discussion Threads

[2mex] 13/12/2019 22:42

Alpha's Chief Actuary, Rajiv Rebello, initiated and will continue to publish articles and white papers on the asset class...

The Group's core strategies and product suites continue to attract the attention of prospective clients.

The most significant quarterly milestone for the Group was the launch of the BlackOak Alpha Growth Fund ("Fund"). The Fund is a Cayman Island Limited Partnership with a Master/Feeder structure. There is an Irish Designated Asset Company that is between the Master and Feeder that provides tax advantages for investors in the Feeder from certain jurisdictions. Creating the structure in this way enables the fund to be able to accept international investors - giving the Fund a truly global reach and relevance to a wider audience.
The creation of the structure was carefully constructed by Gobind Sahney and Danny Swick in close coordination with the Company's legal advisors in the US, Caymans, and Ireland, along with KPMG, the Fund's global tax and audit accountants. We are pleased to be working with SL Investment Management ("SLIM") and hope to build further on that relationship going forward. The Company's wholly owned subsidiary, Alpha Longevity Management ("ALM"), is the investment manager for the Fund and the Group in joint venture with SLIM, we are each equal general partners. ALM receives the annual management fee and the Company will receive the performance fee.

[2mex] 13/12/2019 21:20

Gobind Sahney, CEO
Well I think that if any investment professionals that are not aware of longevity assets said "Hey I want to buy a life settlement, I am sure that they could google it and come up with it but you (they) won't necessarily know what you are buying or how you are going to buy it: what the process is..so that's why we are in business and one of the interesting things about life settlements is the legal, accounting, tax, actuarial complexities and so you need to know who and you need to know who is good to go to...

goto: settlement actuarial_R_Us…;

Rajiv is a Fellow of the Society of Actuaries and prior to Colva worked on AIG's 4,000+ policy life settlement portfolio with $18 billion in face.

[bullrun1] 13/12/2019 11:53

Sensible move wolfcub, cracking rise you had over there, well done. Coiled spring here imo. Interesting to see how it all plays out!

[troytate] 13/12/2019 11:52

Wouldn't want to be in this over the weekend...

[wolfcub] 13/12/2019 11:44

Looking strong again today- have added a little orcp slice in here this morning

[bullrun1] 13/12/2019 10:21

Lol. Muppet

[moneymunch] 13/12/2019 10:03

Lol...get ready for the tick up...a blue close more than likely in anticipation of news this coming week. Gla :-)

[hargo] 13/12/2019 09:33

Sub 2 p by close imho

[hargo] 13/12/2019 09:32

You ready. boom ting

[bullrun1] 13/12/2019 09:29

Lol...What a cheese

[moneymunch] 13/12/2019 09:07

Lol...very unlikely, they raised £300k 2nd December...News expected imminently and so every chance of a significant re-rate....this will fly on confirmation of closure on the $100m credit facility...other material news expected too...Gla holders:-)

[hargo] 13/12/2019 08:54

Gobind needs to. Reload down bond street.

[moneymunch] 12/12/2019 22:13

A stunning victory for Boris by the looks of it, and so a healthy majority will be well received by the markets tomorrow, and so a great time for positive news from Algw for maximum appreciation and sentiment. Gla :-)

[euclid5] 12/12/2019 20:34

ok thanks 2mex for the details. interesting to see the $100m RCF gain traction soon on in the new year.

[2mex] 12/12/2019 20:22

Euclid, it's just an average from his $8billion of life settlement trading over 13 years.

To clarify, this was his life settlement trading prior to joining algw.

[euclid5] 12/12/2019 20:11

2mex, thanks for the posts on Swick. where did you get the $600m per year figure from please?

Rns shows he started at Algw on the 1 June 2018, not 01 Jan 2018

[2mex] 12/12/2019 20:00

From LSE share chat..

[berlintim] 12/12/2019 19:53

At least the boys are in London!!!

[2mex] 12/12/2019 19:29

Looks like Danny Swick has been dealing with life settlements for 13 years (Kango & LDA) with his trading averaging over $600million per year. He is very familiar with the requirements for the trading volume ahead.

[2mex] 12/12/2019 19:13

Danny Swick will already have initial business teed up when the $100million hits the account.

"The Company expects to be able to complete the necessary documentation in a timely manner and looks forward to updating the market on closing of the facility." 02Dec2019

[2mex] 12/12/2019 19:01

Danny Swick, Chief Operating Officer:
"I'm very pleased to be joining Alpha at this exciting time in their journey and the relevance of the asset class to modern institutional alternative investors in desperate search of a yield with secured asset backed instrument. The Company has a unique and relevant product offering for institutional and sophisticated investors and is well positioned with its international reach, industry connectivity and existing new business pipeline, which I intend to add to as well as execute on over the coming months."

Gobind Sahney, Executive Chairman:
"We are delighted to announce the appointment of Danny. He brings a wealth of experience and industry relationships to the team having traded over $8 billion worth of life settlement policies through his career. His reputation and relationships in the industry provides Alpha with the ability to execute its business plan in an efficient manner and scale with the mandates under consideration."

"we are fortunate to have Danny Swick, our COO, who is one of the leading if not the top market market makers in life settlements in the US before he joined Alpha and so we are pleased to say that product resourcing is not an issue....we know how to find the right assets and, of course, we know how to buy them."

[bullrun1] 12/12/2019 16:25

Lol.. top funny

[2mex] 12/12/2019 15:32

yes they can fly assisted...

[bullrun1] 12/12/2019 15:17

Can weasels fly... never knew that. Lets hope he stays in his little box!!