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Lloyds, the global insurance and reinsurance marketplace, has announced the USD Enhanced Yield Liquidity Fund, the first public wealth fund available on the Lloyds investment platform.
The fund aims to provide an investment alternative to Lloyd’s long-term strategic cash reserves, with a focus on higher returns, optimal liquidity and efficient Solvency II capital charges, Lloyds said. .
The selection of Payden & Rygel as fund manager was made through a rigorous due diligence and approval process, demonstrating a strategic partnership for effective fund management.
Lloyds Investment Platform, which enhances market access to investment opportunities, has introduced the USD Enhanced Yield Liquidity Fund as the first in a series of public asset funds.
The launch follows the introduction of two private asset funds in the previous year.
Eleanor Backes, chief investment officer at Lloyds, expressed enthusiasm for tailored public asset solutions and highlighted their contribution to the market’s risk-adjusted return profile.
He said: “Reflecting our dedication to providing the Lloyds market with a wide range of innovative investment solutions that help improve the risk-adjusted return profile of the capital ultimately deployed into the Lloyds market, We are pleased to introduce our first customized public wealth solution.”
Joan Payden, president and chief executive officer of Payden & Rygel, expressed excitement about the firm’s selection as the administrator of the Lloyds USD Enhanced Yield Liquidity Fund.
He highlighted Payden & Reigel’s long-standing commitment to providing reliable risk-adjusted returns to sophisticated financial institutions and pointed to a promising collaboration with Lloyd’s.
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