GLOBAL - A combination of strong returns from funds investing in traded life policies (TLPs) and stock market volatility have resulted in a huge increase in the amount of money institutional investors have invested in TLP funds, according to fund manager Managing Partners Limited (MPL).
MPL estimated that on 1 November 2006, institutional investors and pension fund managers had around US$145.76m invested in five of the top TLP funds. However, it claimed that 12 months later this h...
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