February 29, 2024

Lloyd’s launches USD Enhanced Yield Liquidity Fund on investment platform

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.

Lloyd'sThe 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, Lloyd’s noted.

The selection of Payden & Rygel as the fund manager follows a rigorous due diligence and approval process, marking a strategic partnership for effective fund management.

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.

This launch follows the introduction of two private asset funds in the preceding year.

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Eleanor Bucks, Chief Investment Officer at Lloyd’s, expressed enthusiasm for the tailored public asset solution, emphasising its contribution to the market’s risk-adjusted return profile.

She stated, “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.”

Joan Payden, President and Chief Executive Officer of Payden & Rygel, conveyed excitement regarding their selection to manage the Lloyd’s USD Enhanced Yield Liquidity Fund.

She highlighted Payden & Rygel’s longstanding commitment to delivering robust risk-adjusted returns to sophisticated institutions, marking a promising collaboration with Lloyd’s.

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