Lloyd’s Introduces Inaugural Public Asset Fund

Lloyd’s, the renowned global insurance and reinsurance marketplace, has made a significant stride in its investment offerings with the unveiling of its inaugural public asset fund, the USD Enhanced Yield Liquidity Fund. This new fund, available on the Lloyd’s Investment Platform, aims to provide an alternative investment avenue for long-term strategic cash reserves at Lloyd’s, focusing on higher returns, optimal liquidity, and efficient Solvency II capital charges.

The selection of Payden & Rygel as the fund manager underscores Lloyd’s commitment to rigorous due diligence and strategic partnership for effective fund management. This marks a crucial step towards enhancing market access to investment opportunities through the Lloyd’s Investment Platform.

Eleanor Bucks, Chief Investment Officer at Lloyd’s, expressed enthusiasm for the tailored public asset solution, highlighting its potential to contribute to the market’s risk-adjusted return profile. She emphasised Lloyd’s dedication to providing innovative investment solutions to the market, ultimately enhancing the risk-adjusted return profile of capital deployed within Lloyd’s.

Joan Payden, President and Chief Executive Officer of Payden & Rygel, conveyed excitement about their selection to manage the Lloyd’s USD Enhanced Yield Liquidity Fund. She emphasised Payden & Rygel’s longstanding commitment to delivering robust risk-adjusted returns to sophisticated institutions, marking a promising collaboration with Lloyd’s.

The launch of the USD Enhanced Yield Liquidity Fund follows the introduction of two private asset funds in the preceding year, further expanding Lloyd’s investment offerings. This strategic move underscores Lloyd’s commitment to providing diversified investment options to its stakeholders while ensuring optimal returns and liquidity management.