Last checked at 8 Jun 2018 07:00
8 June 2018
Alpha Growth plc
("Alpha" or the "Company")
Engagement of Devonshire Warwick and Shareholder Event
Alpha Growth plc (LSE: ALGW), the financial services specialist in the growing Senior Life Settlement ("SLS") asset class, is pleased to announce it has retained the services of Devonshire Warwick, LLP to raise assets for its life settlements investment strategy.
Devonshire Warwick is a placement agent that for a number of years has raised assets for a variety of alternative investment strategies. Its clients include family offices, fund of hedge funds, high net worth investors, wealth management companies, private banks, pensions funds, insurance companies and other institutional investors around the globe.
Devonshire Warwick is owned by Cenk Utkan who following the signing of the contract with Alpha Growth commented: "We always look out for interesting niches in alternative investments and managers that are doing something a little different to achieve a little more which will benefit our clients. Life settlements hedge funds have always concerned me because of the liquidity risk that is inherent in their fund structures. Alpha Growth has overcome this by running their strategy via individually managed accounts. This, combined with a team of pedigree that is managing these portfolios of life settlements and able to generate such a high rate of return made this an opportunity that we could not neglect."
In addition, as the Board are together in London next week for meetings we would like to take the opportunity to invite shareholders to an open discussion at the Fitzroy Tavern, 16 Charlotte Street, W1T 2LY next Monday between 6pm and 8pm, for an update on current operations and also to meet the newest member of the team Danny Swick. We would be grateful if those considering attending could email us at info@algwplc.com.
For more information, please visit www.algwplc.com or contact the following:
Alpha Growth plc | +44 20 3959 8600 |
Gobind Sahney, Executive Chairman | info@algwplc.com |
Cassiopeia Services (PR/IR) | +44 (0) 7949690338 |
Stefania Barbaglio | Stefania@cassiopeia-ltd.com |
Novum Securities Limited (Corporate Broker) | +44 (0) 207 399 9400 |
Colin Rowbury | crowbury@novumsecurities.com |
About Alpha Growth plc
Specialist in Longevity Assets
Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets. Building on its well- established network, Alpha Growth has a unique position in the longevity asset services and investment business, as a listed entity with global reach. The Company's strategy is to expand its advisory and business services via acquisitions and joint ventures in the UK and the US to attain commercial scale and provide a wholistic solution to alternative institutional investors who are in need of specialised skills and unique access to deploy their financial resource in longevity assets.
Alpha runs life settlements strategy that targets a 10%-15% annualised rate of return. The Company manages its clients' investments into the world of life insurance via managed accounts to avoid the liquidity risk associated with funds that operate in the same sector.