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 reports developments in longevity assets, insurance-linked wealth management, and alternative yield strategies. Company news centers on fund launches and updates through Alpha Longevity Management and Alpha Growth Management LLC, including the Alpha Omni Alternative Global Fund and the Alpha Alternative Assets Fund, an interval fund focused on esoteric and longevity-based investments.
Updates also cover life-insurance subsidiaries such as Providence Life Assurance and Alpha International Life Assurance, including regulatory licenses, insurance financial-strength ratings, unit-linked policy offerings, annual reports, acquisitions, and capital-market expansion for institutional and high-net-worth clients.
Alpha Growth (ALPGF) announced that subsidiary Jeometri Insurance Managers (Guernsey) has been appointed insurance manager to the Guernsey branch of a major South African life insurer, adding a significant long-term insurance mandate.
Jeometri will act as the branch’s Guernsey representative, handling regulatory, compliance and liaison duties with the GFSC.
Alpha Growth (OTC:ALPGF) launched a U.S.-focused specialty finance and uncorrelated alternatives strategy for Japanese institutional investors via Alpha Longevity Management Ltd and the Alpha Omni Alternative Global Fund.
The strategy, led by Andre Severino and Charlie Devin-Smith (both ex-Nikko Asset Management), targets gross annual returns above 10% by investing in litigation-linked pre-settlement finance, structured settlement receivables, royalties, and other contractual cash flows designed to be lowly correlated with public markets.
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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.