Justia Lawyer Rating
Super Lawyers - Rising Stars Kirk G. Smith
Super Lawyers Samuel B. Edwards
Super Lawyers William S. Shephard
Texas Bar Today Top 10 Blog Post
Avvo Rating. Samuel Edwards. Top Attorney
Lawyers Of Distinction 2018

Vida Longevity Fund, LP

What is the Vida Longevity Fund?

The Vida Longevity Fund, LP (VLF) is an open-ended hedge fund involved in non-correlated investment strategies that are insurance-linked and concentrated in longevity-contingent risks. Launched by Austin, Texas-based asset management company Vida Capital, Inc. in 2010, the Fund invests primarily in insurance products including life settlements, structured settlements, and annuities.

Unfortunately, there is growing concern that Vida Capital may have been improperly valuing its assets and that some brokerage firms and their registered representatives misrepresented the risks involved in Vida Longevity Fund.

Brokers also may have unsuitably recommended the Fund to retail investors, retirees, inexperienced investors, and conservative investors who are unable or unwilling to take on much risk. Or, they may have failed to conduct the proper due diligence to ensure the accuracy of the Vida Longevity Fund’s valuations even as they earned high fees and commissions from selling this hedge fund to customers.

Our securities fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) are speaking with Vida Longevity Fund investors who have sustained losses from this investment. Contact us today at (800) 259-9010 today for your complimentary, no-obligation initial consultation.

High Fees & Commissions Provide Incentive for Brokers to Market & Sell Vida Longevity Fund

Vida Longevity Fund offers three share class that charge substantial fees:

  • Class A Shares charge a 5% incentive fee and 2% management fee
  • Class B Shares charge a 10% incentive fee and a 1.5% management fee
  • Class C Shares charge an up to 15% incentive fee and a 1.75% management fee

Class A Share investors reportedly must invest $510K at minimum. Investors of the other two class shares must reportedly each invest at least $225K. Vida Longevity Fund is clearly not for your typical retail or conservative investor.

By 2018, more than 3,600 investors had reportedly invested nearly $1.2B in the Fund since its 2010 inception. An early prospectus promised there would be yearly returns of 10-14% and liquid profits on a quarterly basis.

Recent Changes to Vida Longevity Fund’s Valuation Processes Raise Red Flags

Unfortunately, returns for Vida Longevity Fund have been substantially lower than they were in previous years. This downturn was happening even prior to COVID-19 striking in 2020 to wreak havoc on the markets.

In April 2020, the Fund announced that it had made changes to its valuation processes and acquired a company that would improve its algorithmic processes. In October 2020, Vida Longevity Fund said it was modifying its management structure and conducting an “exhaustive review” of its underwriting and portfolio management practices.

It also noted that it would be revising life expectancy reports on old policies so that they would be more in line with current and projected mortality rates. One can’t help but wonder, why were these changes necessary and what does this say about past valuations and their accuracy?

These activities have raised concerns that the Fund’s assets were not properly valued. If this is the case, your investment may be worth less than you think.

Alternative Investments are Complex, Risky Investments

Vida Longevity Fund is a complex, alternative investment. Like all alternative investments, the Fund is risky, illiquid, and better suited for sophisticated investors, such as high net worth individual investors and institutional investors.

It is also important to note, however, that there are sophisticated investors that also may have been unsuitably recommended this investment by their brokerage firm, suffering unnecessary and significant investment losses as a result.

Experienced Vida Longevity Fund Investor Law Firm

Contact SSEK Law Firm today if you are a Vida Longevity Fund investor and you would like to explore your legal options.

Our broker fraud lawyers have spent more than 30 years fighting for retail investors, retirees, high net worth individual investors, and institutional investors. We have represented thousands of clients, collectively recovering many millions of dollars on their behalf. Should we agree to work together, any legal fees would only be due upon financial recovery and never out of your own pocket.

Contact us online or call (800) 259-9010 to discuss your Vida Longevity Fund investor claim.

Client Reviews
★★★★★
"I am going to miss conversations with you, Sam Edwards. You’ve been a wonderful lawyer and a friend. I loved learning legal jargon from you. But, even more, it is your self respect and commitment to your position that I admire and your persistent patience-your equanimity. With great appreciation, thank you!" M.B.
★★★★★
"My experience with Ryan Cook has been very positive. Through every step of the litigation he explained what to expect to happen. When I spoke with him later he reviewed the process. He was very patient and I never felt rushed. I have already told friends how wonderful he is." L.R.
★★★★★
"I want you to know that I very much appreciate your expertise, hard work and guidance that led to a satisfactory resolution with Raymond James. From our first meeting, I felt "heard" and that my situation and story were respected. Every subsequent interaction I had with any of you - in person, via email or by phone - only corroborated that feeling. What great work you do on behalf of people like me who have been wronged, yet don't know how to navigate the appeals/mediation/arbitration process as you do. I will be forever grateful." M.L.
★★★★★
"Good positive experience, guided us through a difficult process and was pleased with the outcome. Everyone I dealt with were exceptional." A.G.
★★★★★
"Good intelligent attorneys who never miss a beat. I set my expectations high and they delivered above and beyond. Do not miss the opportunity to let SSE&K represent you. Top notch, efficient and effective firm." S.M.
Contact Us
  1. 1 Free Consultation
  2. 2 No Recovery, No Fee
  3. 3 Over 100 Years Experience

Fill out the contact form or call us at (800) 259-9010 to schedule your free consultation.