Welcome to our dedicated page for Alpha Growth news (Ticker: ALPGF), a resource for investors and traders seeking the latest updates and insights on Alpha Growth stock.
Alpha Growth plc (OTCQB: ALPGF) features frequent news and corporate updates centered on its focus in the longevity asset class and insurance-linked asset and wealth management. Company announcements highlight developments across its advisory, asset management, and life insurance platforms, offering insight into how the group builds and manages exposure to longevity and esoteric assets for institutional, qualified, and ultra-high net worth investors.
News items often cover fund strategy and performance updates, particularly for the Alpha Alternative Assets Fund, an interval fund managed by Alpha Growth Management LLC that targets longevity and esoteric assets such as structured settlement receivables, legal finance, life settlements, and royalties. These releases describe changes in investment focus, portfolio construction, and the fund’s approach to maintaining low correlation with traditional markets.
Alpha Growth’s news flow also includes insurance and regulatory milestones within its group companies. Examples include the assignment of an investment grade insurance financial strength rating to Alpha International Life Assurance Company (Guernsey) Ltd by KBRA and the granting of an Isle of Man branch license to Providence Life Assurance Company (Bermuda) Limited for its Alpha PPLI branch, which serves ultra-high net worth individuals and family offices with PPLI and PPVA-based wealth planning solutions.
Additional announcements discuss strategic acquisitions, assets under management growth, and group-level initiatives, such as the acquisition of insurance and financial services companies and the expansion of advisory and business services in the UK and US. For investors and observers of the longevity and insurance-linked asset space, following Alpha Growth news provides context on how the group is evolving its platforms, strategies, and client offerings over time.
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Alpha Growth Plc (LSE:ALGW)(OTCQB:ALPGF) announced its 2022 performance update, highlighting a 70x increase in assets under management (AUM) to approximately $700 million since January 2020. The BlackOak Alpha Growth Fund generated a 7.20% return in 2022, outperforming the FTSE 100 significantly. The company completed two acquisitions, adding over $284 million in AUM, and launched a new fund targeting a broader investor base. Alpha aims for $2 billion in AUM by 2025. The new broker, Allenby Capital, initiated coverage, enhancing investor outreach. The company anticipates robust growth without needing additional capital raises.
Alpha Growth has signed a share purchase agreement to acquire a Bermuda-based holding company and its insurance subsidiary, enhancing its assets under management significantly. This transformative deal is expected to be EBITDA positive, with managed assets exceeding $290 million and in-force policies over $750 million. Following an oversubscribed placement raising £3,750,000, the company is poised for further growth. The acquisition will enable Alpha Growth to expand its range of life insurance-based wealth management products.
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