Lloyd’s of London announces the expansion of its Enhanced Liquidity Fund range for Strategic Cash Management on the Lloyd’s Investment Platform.
- Lloyd’s market is supported by £100bn of globally-invested assets.
- The fund will be available to all Lloyd’s market participants.
The two new EUR and GBP Enhanced Yield Liquidity funds have been specifically designed as a place for long-term strategic cash held at Lloyd’s, targeting higher return opportunities, coupled with high liquidity and low Solvency II capital charge efficiencies.
The Lloyd’s Investment Platform offers the Lloyd’s market broader access to investment opportunities and operational efficiencies through investing collectively. The platform consists of a series of third-party managed bespoke fund solutions with growing adoption by managing agents, to support their investment needs.
Over the past two years, we have built a platform that provides the market participants with access to a wide range of bespoke investment opportunities, including private assets.
Eleanor Bucks, Chief Investment Officer at Lloyd’s
“These two new funds underpin our steadfast commitment to enhancing capital return potential within the Lloyd’s market through innovative solutions.”
Complimenting the existing USD Enhanced Yield Liquidity Fund, the Lloyd’s Investment Platform now provides access to an expanded suite covering the key market currencies to support treasury and investment teams within the managing agent community.
Insight Investment has been selected to manage the new funds, following an extensive due diligence and approval process.
We are delighted to have been chosen by Lloyd’s to manage the two new funds. As a firm, we pride ourselves in designing bespoke investment solutions to meet our client’s needs.
Adrian Grey, Global CIO Insight Investment
“For Lloyd’s, we have blended our expertise in cash and short-dated structured credit strategies”.
The Lloyd’s market offers the resources, capability and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories.
We’re made up of more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders.
Key features
- Target return of GBP cash (SONIA) + 35bps, net of fees and EUR cash (EONIA) + 30bps respectively.
- High liquidity profile: t+1 settlement cycle, minimum 25% in 7 days or less maturity profile.
- Solvency II efficient: low-interest rate duration, minimum AA- average credit rating.
- Lloyd’s ESG considerations compliant.
- Insight Investment is the distributor for these two fund.
- Schroders Solutions, the investment advisor to the Lloyd’s investment platform, has selected Insight Investment as the investment manager for the fund.
There is no guarantee the Fund will achieve any investment objective or guideline over this market cycle or any other time period. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested.
