All Press Releases for September 28, 2009
Fortress International Announces Strategic Alliance with Carlisle Management Company
With its recent expansion into Luxembourg to better serve the European Market, Fortress International Fund has entered into a strategic alliance with Carlisle Management Company, which is to become the investment advisor to all of Fortress' investment and restructuring activities.
LUXEMBOURG, September 28, 2009 /24-7PressRelease/ -- With its recent expansion into Luxembourg to better serve the European Market, Fortress International Fund has entered into a strategic alliance with Carlisle Management Company, which is to become the investment advisor to all of Fortress' investment and restructuring activities.
"Fortress International is a premiere partner, with a respected brand and an industry-leading management team for accessing longevity-based investments," said Jose Garcia, Chief Executive Officer at Carlisle Management Company. "Carlisle continues to focus on developing strategic partnerships in the life settlement market. We are extremely pleased to work with Fortress International". The Fortress International Fund will be launched later this year and provide life settlement investments for qualified investors.
Fortress International continues to expand its leadership in the U.S. secondary market for life insurance and will utilize Carlisle Management Company's fund advisory and asset management services. Carlisle Management Company is a Luxembourg based fund management firm providing operational, analysis, management and advisory services within the United Stated secondary life insurance market known as life settlements.
"We are thrilled to partner with the Carlisle team and look forward to continue expanding our profile in European markets," said Peter Dodd, Fortress's Fund Director. "Carlisle's asset, operational and regulatory knowledge will be essential in our launch. Shareholders will benefit from the expertise the two executives teams bring within the secondary market for life insurance policies."
"We all have our unique benefits, from the sophistication of our investment programs to the expertise of those managers running our funds. And with our partnership I don't believe there is a better operational team available in this asset class," said Peter Dodd. "Fortress provides investors with a robust investment option positioned to capitalize on the growing world-wide demand for minimally correlated mortality based investment strategies".
The Fortress International Fund offers investors the opportunity to diversify away from traditional investment funds by providing a unique opportunity to participate in the minimally correlated asset class known as life settlements. The Fund offers investors growth potential with a low level of volatility in comparison to traditional investment strategies. The Fund gains exposure on life settlements by investing in investment grade, medium to long term U.S. life insurance contracts. Established in 2003, Fortress is one of the longest continuously running investment managers in the life settlement fund sector and boasts over five years of positive performance.
About Fortress International
Fortress International is an alternative investment management company providing investors with access to the secondary market for life insurance policies. For more information about Fortress International, offering memorandum and details please email [email protected] or visit Fortress's website at http://www.fortressinternationalfund.com.
# # #