EXANTE, the leading Hedge Fund Marketplace, has listed Turquoise Finances SA onto its platform. The company has opted to list the Fonds Viager Life SA, SICAV-SIF Compartment “Real Estate”, a life-estate investment vehicle, under two share classes: Class A and Class I.
The fund, managed by Mr Michel Jacques Petit, aims to achieve capital gains in the medium and long term. The strategy is to buy occupied life-estates, on which a determined capital is paid to the annuitant and annuities are paid on a monthly basis. Once this ends it is sold after it has been restored. The fund seeks to buy real estate on buoyant markets in the French Riviera and Paris, and will eventually invest in Italy, Belgium, Luxembourg and any other European countries with authorises real-estate selling in return for a life annuity.
Units of the fund, denominated in Euros, are now available for trading on EXANTE’s ATP.
EXANTE welcomes the Fonds Viager Life SA, SICAV-SIF Compartment “Real Estate” by Turquoise Finances SA