News

Life Partners Customers Face Tough Investment Decisions

By Katy Stech

The Wall Street Journal - August 22, 2016


Life Partners customers who invested in roughly 3,400 life-insurance policies must decide by Tuesday between two competing plans from life-settlement firms BroadRiver Asset Management and Vida Capital Inc., which are fighting to manage the lucrative Life Partners $2.3 billion portfolio.


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Why Some Life Insurance Premiums Are Skyrocketing

By Julie Creswell and Mary Williams Walsh

The New York Times - August 13, 2016


Around the world, life insurers are wrestling with existential questions. Interest rates are near zero, and in some places have turned negative — unprecedented until recent years. It is contributing to a crisis moment for a business once considered a bedrock of financial stability and an industry that supports the retirement of millions.


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Transparency Alliance Wins Significant Benefits For Life Partners Holdings' Creditors

By Transparency Alliance

August 5, 2016


Transparency Alliance LLC has negotiated major victories for the benefit of investors and creditors as part of its active participation in the jointly administered Life Partners Holdings, Inc. bankruptcy cases.


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Life Partners Customers Face Tough Decision With Investments

By Katy Stech

Wall Street Journal - August 2, 2016


More than 20,000 customers of Life Partners Inc., which put together investment deals that bet on the timing of a stranger's death, are deciding whether to ditch their investments or continue making payments under scenarios offered by two warring groups.


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Transparency Alliance Finalizes Schedule of Meetings & Webinars with Life Partners Holdings’ Creditors

By Transparency Alliance

July 28, 2016


Transparency Alliance LLC has finalized its schedule of in-person meetings and live webinars with Life Partners Holdings, Inc.'s creditors.


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Transparency Alliance Presents Safer, More Cost-Effective Reorg Plan to Life Partners Holdings’ Creditors

By Transparency Alliance

July 22, 2016


Transparency Alliance LLC has scheduled an informational road show to present Life Partners Holdings Inc.'s creditors with its proposed bankruptcy reorganization plan, which was recently approved for solicitation by Judge Russell F. Nelms of the U.S. Bankruptcy Court for the Northern District of Texas.


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Texas Judge Oks $1B Deal In Life Partners Investor Litigation

By Shayna Posses

Law 360 – May 31, 2016


U.S. Bankruptcy Judge Nelms approved a settlement of more than $1 billion that covers legal claims of over 20,000 investors in Life Partners. Shayna Possess details the ruling and the certification of a settlement class and subclasses in the Life Partners’ bankruptcy cases.


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Dozens of Waco nonprofits sued in Life Partners bankruptcy action

By Mike Copeland

Waco Tribune – April 11, 2016


Life Partners trustee Thomas Moran filed suit against more than two dozen nonprofit agencies for the return of $2.1 million of donations. Mike Copeland interviews many representatives of the charities in question, asking how they will respond to the lawsuit. Copeland also details the SEC lawsuit against Life Partners, describing its inaccurate life expectancy reports and the “egregious amount it charged in fees”.


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‘One of the Largest Frauds in Texas’: Life Partners Trustee Files Rash of Suits

By Katy Stech

Wall Street Journal - March 20, 2016


Katy Stech discusses the lawsuits filed by Thomas Moran to recover money from shareholders, promoters and even charities. The article details Life Partners’ fraudulent behavior, including their unrealistic life expectancy figures and misleading financial statements.


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Even smart ones can sometimes act dumb

By Dave Lieber

The Dallas Morning News – March 18, 2016


Talk show host Dennis McCuisition and thousands of others made a consequential mistake by investing in Life Partners, one of the biggest investment frauds in the history of Texas. Dave Lieber describes the many issues with Life Partners, ranging from a weak board to a corrupt CEO, and the investors’ ongoing problems, such as exuberant legal fees.


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Off-the-beaten-path strategies get rewarded on fundraising trail

By David Toll

Reuters Buyouts – August 31, 2015


Philip Siller spoke with the Executive Editor of Reuters Buyouts on the predictability of longevity risk and how these types of funds have seen much better returns than private equity over the past decade.


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Low Interest Rates, Strong Returns Drive Investors To Private Debt

By Danielle Kane

Money Management Intelligence – August 14, 2015


An uptick in interest in private debt likely has to do with two factors: an anticipated rise in interest rates and a pricey PE market. Beyond those factors though are smaller, niche drivers, according to Andrew Plevin.


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Carving out a fixed income niche

By Alex Cardno

Alternative Credit Intelligence – July 6, 2015


Andrew Plevin and Philip Siller sat down with ACI for an in-depth feature on BroadRiver’s unique investment strategies in the private credit market and the BroadRiver story.


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Managers see appetite for focused private credit

By Tom Stabile

FundFire – May 6, 2015


Andrew Plevin spoke at ACG New York on the illiquid fund’s that managers are creating under the broader private credit umbrella as institutional investors and family offices continue to seek attractive return prospects.


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The Life Settlement: Yield For The Investor And Cash For The Consumer

By Andrew Plevin and Philip Siller

FINalternatives– March 31, 2015


Andrew Plevin and Philip Siller discuss life settlements as an asset class and the benefits to the consumer and investor.


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Risky business

By Steve Marlin

Markets Media – February 24, 2015


Persistently low yields have caused allocators to consider other forms of investments. Andrew Plevin discusses alternative fixed-income investment strategies.


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Private credit catches the eye fixed income players

By Bailey McCann

Opalesque – January 28, 2015


Opalesque summarizes our recent whitepaper on managers looking to private credit investments to perform similar to fixed income portfolios but with better downside protection.


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Pensions seek bond alternatives

By Steve Marlin

Markets Media – January 16, 2015


The team sat down with Markets Media to discuss the role of fixed income investing for institutions and private credit strategies.


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