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08 October 2014

BVZL & ELSA Munich conference highlights AIFMD implications for secondary life insurance market

BVZL ELSA logoSL Investment management delegates, Louise Witts (Senior Actuary) and Dirk Strontschak (Fund Manager), attended the joint BVZL\ELSA conference in Munich on 29th September 2014. This annual event provides a unique opportunity for attendees to gain valuable insight into significant issues affecting the secondary life insurance markets of Germany, UK and the US.

One of the main areas of focus for SL Investment Management in attending the conference was to engage in industry discussion on evolving European legislation; especially in relation to the Alternative Investment Fund Manager Directive (AIFMD); which after a one year transitional period finally came into force on 22 July 2014.

Dirk commented, "It's clear that many market players continue to try their best to steer clear of the AIFMD regulation. In our view the regulation is here to stay, and this is simply phase one of an ongoing process. The companies that accept this and embrace the change will be the parties better placed to service clients' needs in the future".

SL Investment Management (SL) is a niche investment manager who has advised on and managed over 20 international investment vehicles since the early 1990s. SL has recently been approved by the UK regulator, the Financial Conduct Authority (FCA), as a sub threshold Alternative Investment Fund Manager (AIFM). This gives SL regulatory permission to manage leveraged assets held within Alternative Investment Funds (AIFs) totalling up to 100m EUR. SL currently has four existing AIFs under management, and is now engaged in looking to achieve full scope authorisation, which will enable the company's client base to be extended over the coming years. SL is a specialist in asset valuation, acquisition and servicing of secondary life assets and has extensive experience in managing funds across a range of alternative asset classes, including property. If you want to learn more about our range of services or how to access the secondary life insurance markets, please contact Louise or Dirk for more information.