Ress Life Investments A/S reports net profit, decrease in fair value of investment assets.

From GlobeNewswire: 2024-09-10 11:19:00

Ress Life Investments A/S reported a net profit before and after tax of USD 10,822,544 for the first half of 2024, with a net return on equity of 3.1%. The fair value of investment assets decreased to USD 338,879,565 primarily due to redemptions, but equity stood at USD 344,416,069 as of June 30, 2024.

Despite challenging market conditions, the company expects the life settlements market to offer attractive returns. The target net return for the Group is 7.0% in USD per annum, and the Management anticipates sufficient yield on underlying assets to reach this target over the medium term. Realized results may vary due to external factors.

For further questions or inquiries, contact the Group’s AIF-manager, Gustaf Hagerud, or the Group’s Chairman, Søren Andersen. The Board of Directors and Management approved the Half-Year Report, reflecting a positive outlook for growth in assets under management and continued opportunities in the life settlements market.



Read more at GlobeNewswire:: Ress Life Investments A/S publishes Half-Year Report 1