New platform seeks investors in Lloyd’s
Argenta Private Capital, a subsidiary of Argenta Holdings, has launched a vehicle that will offer high net worth individuals and institutions the opportunity to invest in businesses trading at Lloyd’s.
VisionRe will seek to generate an annual return on capital invested in excess of 10 per cent. Its founders say investors will be able to participate in the performance of selected Lloyd’s syndicates while also benefiting from investment returns on the capital held against liabilities.
Its founders note that the asset class is also uncorrelated to traditional investment portfolios such as equities, bonds or property.
“VisionRe provides a new opportunity for sophisticated investors to participate in Lloyd’s, which as demonstrated by the recent £2.77 billion profit for 2012, continues to deliver attractive returns even when market conditions are challenging,” said Graham White, chairman of VisionRe.
“Argenta’s extensive experience of Lloyd’s has allowed it to outperform the market and deliver impressive returns for its investors. VisionRe’s innovative structure builds on that work and offers an efficient way for investors to access the uncorrelated returns available from Lloyd’s.”
Over the last 10 years the performance of Lloyd’s has outstripped that of the FTSE 100 by an average of 10 per cent per annum and Argenta claims its investors achieved a 21 per cent annualised return.