July 16, 2008
-- Mosaic Caribe Ltd. and New Century Funds have announced a joint venture on Tuesday which would provision New Centurys, Century Life II fund with secondary life policies. Mosaic Caribe is headquartered in San Jose, Costa Rica, and will provide policies on US Insured Lives, to the fund. Mosaic will be the exclusive vendor of secondary life policies to the Fund. Century Life II NAV has grown 117% since the beginning of 2008, and fund managers expect the growth to continue with Mosaics help. Mosaics firm position in the Life Settlements market has proved immeasurable to New Century.
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Mosaic Group is a market leader in Life Settlement Portfolios, and portfolio management services. Providing Investors access to diversified portfolios of Life Settlement policies since 2001