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Private placement variable life insurance and annuities invested in hedge funds: due diligence issues for all parties to the transaction

Private placement variable life insurance and annuities invested in hedge funds: due diligence... Purpose – The purpose of this paper is to highlight not only the pre‐closing, but also the continuing due diligence required of all parties in private placement life insurance or annuities invested in hedge funds. Design/methodology/approach – This technical paper describes the due diligence process for these high‐end offerings, illustrating key concerns through case studies. Findings – Recent events have caused the advantages, disadvantages and timing issues to crystallize, together with what issues require pre‐closing and post‐closing due diligence. Originality/value – This paper provides timely guidance from experts approaching the issues from multiple disciplines – law, accounting, and financial analysis – to yield a comprehensive analysis of the position of all parties to the transaction. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Investment Compliance Emerald Publishing

Private placement variable life insurance and annuities invested in hedge funds: due diligence issues for all parties to the transaction

Roger Lorence; Steven Q. Zhang
Journal of Investment Compliance , Volume 12 (3): 10 – Sep 13, 2011
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References (4)

Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
1528-5812
DOI
10.1108/15285811111172240
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to highlight not only the pre‐closing, but also the continuing due diligence required of all parties in private placement life insurance or annuities invested in hedge funds. Design/methodology/approach – This technical paper describes the due diligence process for these high‐end offerings, illustrating key concerns through case studies. Findings – Recent events have caused the advantages, disadvantages and timing issues to crystallize, together with what issues require pre‐closing and post‐closing due diligence. Originality/value – This paper provides timely guidance from experts approaching the issues from multiple disciplines – law, accounting, and financial analysis – to yield a comprehensive analysis of the position of all parties to the transaction.

Journal

Journal of Investment Compliance – Emerald Publishing

Published: Sep 13, 2011

Keywords: Private placement life insurance; Annuities; Hedge funds; Due diligence; Law; Accounting

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