In this article, we comprehensively analyze open‐end funds dedicated to investing in US
senior life settlements. We begin by explaining their business model and the roles of …

Life settlements may facilitate a more efficient insurance market, generate diversification
benefits to investors, and even provide hedging benefits to Asia life insurers. The literature …

Mortality risk is one of the core risks that life insurers undertake. The uncertain future lifetime
of each insured represents one risk factor, and the dependence structure among these risk …

Praise for Active Alpha" Active alpha is the quest for every sophisticated investor. This book
covers all of the key alpha sources currently mined by active managers, reduces the …

Life settlements have attracted increasing attentions of investors and scholars. This paper
extends the literature by conducting the first analysis of life settlements as a hedging vehicle …

The author presents an actuarial prognostic model that can disentangle and assess two
complementary modules of longevity risk for death bonds. He tracks the probable paths over …