Axiom Legal Financing Fund

The performance fee and pricing structure have been simplified in favour of the investor.   If you have been searching for a low risk capital protected fund with a predictable uncorrelated yield, then the Axiom Legal Financing Fund may be your solution. It offers:

• Capital protected, open ended fund.

• Consistent capital growth uncorrelated to stock markets, commodities, property prices or interest rates.

• Target minimum annual growth rates of:

• 11% (Sterling)

• 10% (US Dollar)   Target rates of return are net of all costs and charges to the Fund.

• 10% (Euro)

• No entry or exit fees.

• No AMC,

• Performance fee from 1^st March 2010.

• Secure structure for protection of investor.

• 3 classes of shares. The fund operates in GBP but hedges to USD & EUR.

• Minimum investments are £25,000 or $40,000 or €30,000.

• First dealing day is 1^st September and then monthly thereafter.

The Axiom Legal Financing Fund provides short term fixed interest loans to UK law firms who work on a no-win, no-fee basis, to pursue claims for the misselling of financial services products on behalf of claimants. The first cases that will be financed by the Fund are for the misselling of payment protection insurance (PPI) for loans and/or the sale of loans. To provide investors with a high level of capital security, the funding facilities are fully insured against the non-return of the loans by the law firms.

The Investment Manager is very aware of the need for investor protection, especially in the light of fraud in a similar fund in the past. Therefore, great care has been taken in structuring this fund to provide investor protection as below:

• Every loan is covered by 2 insurance policies against non return.

• The fund is regulated in Cayman Islands and has a 3rd party administrator.

• The distribution and administration of the money for the loans is handled by a reputable regulated trust in the Isle of Man. The Investment Manager has no access to the bank accounts or to any investor’s money.

The demand from law firms for these loans is extremely high as the cases are conducted on a no-win, no-fee basis and take 6-12 months to complete. This puts an enormous strain on the working capital of a law firm and limits the number of cases they can handle without additional finance.

The first type of case that is being pursued is for misselling of PPI and/or loans. This was so bad that the FSA has recently banned the sale of single premium PPI and the banks have made provision for large claims. Also, many loans have been incorrectly documented, making the agreements invalid.  It is estimated that 20 million PPI policies are currently in force in the UK, generating annual revenue in excess of £5 billion, and that 70% of all these policies have been missold. The Ombudsman is currently upholding 90% of all claims made.  The fund will expand into financing other no-win, no-fee cases that can be underwritten by insurance

E-mail us now to get prospectus and fact sheet for this fund