MPG launches cash fund with credit card option

Investment management firm Managing Partners Group (MPG) has released a cash fund that gives investors the option of a credit card secured against their invested assets, allowing investors to use it as a cash fund that gives a high rate of interest.

The Liquidus FX Fund is aiming to achieve long-term capital growth and invests in a global currency portfolio that leverages an algorithm.

The fund is domiciled in the Cayman Islands, targets institutional and high-net worth investors and is a possible sign of things to come from an innovation perspective.

Jeremy Leach, chief executive officer at MPG said the product allows institutional and qualified investors to earn a rewarding return on their cash holdings with monthly liquidity.

“High-net worth investors have the added option of accessing their assets through an Insignia credit card with quarterly billing and all the added benefits that it offers, while the fund can also be included in a personal portfolio bonds, wraps, self-invested personal pensions and QROPS [qualifying recognised overseas pension schemes],” said Leach.

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST