The Company
Formed in 2009, BroadRiver Asset Management, L.P provides superior investment management and transaction advice to pension plans, endowments and other institutional investors holding or seeking exposure to uncorrelated, low-volatility investments. We are particularly sensitive to pension plans' actuarial hurdles and to the need for self-amortizing investments.
BroadRiver believes that the ability to invest long-term, on a large scale and on a tax-free basis are key strategic advantages of institutional investors. These advantages should be exploited through the active management of investments in asset classes exhibiting features matching these strategic advantages. Often, these assets may be illiquid or may reside in inefficient markets, but whose long-term returns are determined at the time of investment and not by market sentiment in the future.
To date, BroadRiver's principal experience has been in longevity/mortality-linked investments. These "life contingent assets" are uncorrelated with the equity, credit and commodities markets and can be structured with very low volatility and returns exceeding pension plans' actuarial hurdles. In Q2 of 2011, BroadRiver launched BroadRiver I, L.P., a $200 million closed-end fund consisting of 100% ERISA capital. BroadRiver II, L.P. – a similar, larger fund – is scheduled for launch in 2012.
BroadRiver is currently developing funds targeting other asset classes exhibiting the characteristics we consider safe and attractive to pension plans, endowments and other institutional investors.