Insight is an active fixed income manager dedicated to working in partnership with its clients to help them meet their investment goals.
As pension funds continue to mature, our clients are increasingly telling us that they need to:
- increase the certainty of returns through contractual cashflows
- generate higher yields without taking additional credit risk
- diversify beyond mainstream credit
We strongly believe that institutional investors should consider integrating secured finance investment strategies into their portfolios in order to help achieve these objectives.
Secured finance strategies aim to provide greater yield and lower risk than similar quality credit opportunities. In particular, they are designed to provide:
A yield premium: there is an excess spread available to investors relative to investment-grade corporate credit without having to compromise on credit quality, due to the lower supply of credit to the market.
Greater cashflow certainty: at the heart of each investment is a contractual promise to pay, secured by ring-fenced or identified assets which increases the certainty of payment.
Structural protection: low loan-to-value ratios, covenants protecting the lender's position and structures with built in excess collateral are some of the ways that secured finance investments can be structured to help protect investors from defaults.
In our opinion, an allocation to Insight's secured finance portfolio can help you in a number of ways:
- Increase the return expectation of your credit allocation given the expected yield premium relative to traditional investment grade corporate credit markets.
- Reduce the volatility of your credit or broader bond allocation given the diversification properties of these investments relative to other bonds.
- Protect against the price impact of rising interest rates due to the floating-rate cashflows from the portfolio.
- Help to create a reliable buffer between your short-term, liquid cashflow generating assets and your longer-term, growth generating assets.
In addition, we also offer a wide range of asset-backed securities that benefit from a diversified pool of underlying collateral with strong investor covenants.
Please note: with effect from 5 January 2018 we are no longer accepting subscriptions to IIFIG Secured Finance Fund. Investors with existing holdings are not affected and you can still sell your shares. We remain open to new segregated Secured Finance mandates with customised investment guidelines and investment in the IIFIG Secured Finance II Fund. Please contact your Insight relationship manager for further information.
As at 31 March 2022. Assets under management (AUM) are represented by the value of cash securities and other economic exposure managed for clients.
Fund and strategy profiles
Prospectuses and scheme documents
LDI Solutions Plus ICAV Global Supplement to the Prospectus
This Global Supplement contains a list of all existing Funds of LDI Solutions Plus ICAV (the "ICAV") and forms part of the Prospectus of the ICAV.
IIFIG Secured Finance Fund Supplement
This Supplement contains specific information in relation to the IIFIG Secured Finance Fund, an open-ended Sub-Fund with limited liquidity of LDI Solutions Plus ICAV.
IIFIG Secured Finance II Fund Supplement
This Supplement contains specific information in relation to the IIFIG Secured Finance II Fund, an open-ended with limited liquidity Sub-Fund of LDI Solutions Plus ICAV.
LDI Solutions Plus ICAV First Addendum to the Fund Supplements
LDI Solutions Plus ICAV - First Addendum to the Fund Supplements.
LDI Solutions Plus ICAV - prospectus
This prospectus should be read in conjunction with the relevant supplement dealing with each sub-fund of LDI Solutions Plus ICAV and the Global Supplement.
LDI Solutions Plus ICAV Instrument of Incorporation
Instrument of Incorporation of LDI Solutions Plus ICAV.
The value of investments and any income from them will fluctuate and is not guaranteed (this may be partly due to exchange rate fluctuations). Investors may not get back the full amount invested. Past performance is not a guide to future performance.
Please refer to the fund profile, located under fund and strategy profiles, for the specific risks associated with this fund.
This Fund meets the definition of a covered fund under Volcker regulations.
Any losses in the fund will be borne solely by investors in the fund and not by BNY Mellon (including its affiliates); therefore BNY Mellon's losses in the fund will be limited to losses attributable to the ownership interests in the fund held by BNY Mellon and any affiliate in its capacity as an investor in the fund or as beneficiary of a restricted profit interest held by BNY Mellon or any affiliate.
Ownership interests in the fund are not insured by the FDIC, are not deposits, obligations of, or endorsed or guaranteed in any way, by BNY Mellon. Neither BNY Mellon nor any of its controlled affiliates (which includes the fund's general manager/ managing partner/ investment adviser), may directly or indirectly, guarantee, assume, or otherwise insure the obligations or performance of the fund or of any other covered fund in which the fund invests.
Investors should read the fund's offering documents before investing in the fund. Information about the role of BNY Mellon, its controlled affiliates, and their employees in sponsoring or providing services to the fund are described in the Volcker Rule section of the offering documents.