Lloyd’s, the global insurance and reinsurance marketplace, has unveiled its inaugural public asset fund, the USD Enhanced Yield Liquidity Fund, available on the Lloyd’s Investment Platform.
The fund aims to present an investment alternative to long-term strategic cash reserves at Lloyd’s, focusing on higher returns, optimal liquidity, and efficient Solvency II capital charges.
A news report from Reinsurance News, an industry-focused online medium, indicated that the selection of Payden & Rygel as the fund manager followed a rigorous due diligence and approval process, marking a strategic partnership for effective fund management.
The launch of the Lloyd’s Investment Platform, which enhances market access to investment opportunities, introduces the USD Enhanced Yield Liquidity Fund as the first in a series of public asset funds, following the introduction of two private asset funds in the preceding year.
Commenting on the innovative initiative, the Chief Investment Officer at Lloyd’s, Eleanor Bucks, expressed enthusiasm for the tailored public asset solution, stressing its contribution to the market’s risk-adjusted return profile.
She said” “We are excited to introduce the first tailored public asset solution, reflecting our dedication to provide the Lloyd’s market with a solid range of innovative investment solutions that ultimately help to enhance the risk-adjusted return profile of capital deployed in the Lloyd’s market.”
Similarly, President and Chief Executive Officer of Payden & Rygel, Joan Payden, expressed excitement regarding the company’s selection to manage the Lloyd’s USD Enhanced Yield Liquidity Fund.
She highlighted her company’s longstanding commitment to delivering robust risk-adjusted returns to sophisticated institutions, marking a promising collaboration with Lloyd’s.
