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

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
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

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST