Peachtree Launches Asset Management Subsidiary

21/10/2008 - 11:10

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Peach Holdings, Inc. ("Peachtree") announces that it has formed an asset management subsidiary. Peachtree Asset Management, Ltd. ("PAM") has opened for business with its principal office in London. PAM will act as an asset and fund manager advising on investments in the longevity/mortality area as well as in the litigation finance arena. PAM is licensed by the UK´s Financial Services Administration and is MiFID compliant. Staffed by highly experienced personnel, PAM has been appointed asset manager for the newly created Peachtree Non–Correlated Fund.

"The formation of PAM is part of Peachtree´s broader strategy to directly reach the capital markets in the US and abroad," said Hasham Malik, Peachtree´s Chief Capital Markets Officer. "We are very pleased with how receptive the markets have been to this initiative and believe that PAM will grow rapidly."

Luke Rahbari, Chief Investment Officer for PAM adds, "Over the years, Peachtree has received numerous requests from clients for a "bite size" vehicle that can give them exposure to Life Settlements. We believe the PAM suite of products fills this need in the market."

About Peachtree

Peach Holdings, Inc., a Florida corporation, is the parent (holding) company of the Peach group of companies, including, among others, Peachtree Settlement Funding, Peachtree Pre–Settlement Funding, Peachtree Life Settlements and Peachtree LBP Finance Company (together, "Peachtree"). Peachtree is a specialty factoring company that purchases high–quality deferred payment obligations. Through its group of affiliated companies, Peachtree caters to people seeking to sell structured settlements payments, annuity payments, lottery prize payments, life insurance policies, sweepstakes awards and sports contract payments. In addition, Peachtree provides cash advances to people with pending personal injury claims. Peachtree has purchased over $4 billion of specialty receivables and continues to expand into new areas by bringing institutional financing and professionalism to bear on underserved markets. For further information about Peachtree, please contact Dana Peller at (866) 931–2683. Peachtree´s corporate website address is www.peachholdings.com.

For further information on Peachtree Asset Management (PAM) and the suite of products and consulting services offered by PAM, please contact Luke Rahbari at +44 (20) 317–87–964.