Welcome

The Maseco Asset Management Limited website is intended for use only by knowledgeable and experienced investors who meet certain criteria.

MASECO Asset Management Limited (MAM) registered office at Leeward Management Limited Camana Bay, 9 Forum Lane, Suite 3119, PO Box 144, Grand Cayman KY1-9006, Cayman Islands. A limited company incorporated in the Cayman Islands with company number CE-357344 and registered with the Cayman Islands Monetary Authority (CIMA).

A “knowledgeable and experienced” investor could be an institutional investor, a professional investor or in the case of a retail investor an investor with sufficient knowledge and investment experience.

UK Resident Investors – Certified High Net-worth Investor Statement

You have throughout the financial year immediately preceding the date below had an annual income of £100,000 or more or held throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more.

Net assets for these purposes do not include the property which is your primary residence or any money raised through a loan secured on that property; any rights of yours under a qualifying contract of insurance; or any benefits (in the form of pensions or otherwise) which are payable on the termination of your service or on your death or retirement and to which you (or your dependants are), or may be, entitled.

You accept that the investments to which the promotions will relate may expose you to a significant risk of losing all of the money or other property invested.  That you are aware that it is open to you to seek advice from an authorised person who specialises in advising on non-mainstream pooled investments.

US Resident Investor – Accredited Investor Statement

As a US citizen you are an Accredited Investor as one of the following applies, you either have individual Income in excess of $200,000 in each of the last two calendar years or joint Income with a spouse in excess of $300,000 in each of the last two calendar years and reasonably expects to attain levels of Income this year at least equal to these amounts.[1] Or you have, and at the time of any purchase of securities of the Investment will have, an individual Net Worth, or the spouse and the investor currently has, and at the time of any purchase of securities of the Investment will have, a combined Net Worth in excess of $1,000,000.[2]

You accept that the investments to which the promotions will relate may expose you to a significant risk of losing all of the money or other property invested.  You are aware that it is open to you to seek independent advice.

Risk Warning

You should refer to the Prospectus, an Adviser and a Tax Specialist in each case before making any decision to invest in either of MAM’s Alternative Income Funds.

Past performance is not an indicator of future results.  Currency fluctuations may increase or decrease the returns of any investment.  The value of investments can fall as well as rise; you may not get back what you invest.  The funds have limited liquidity and so you should expect not always to receive back your capital in a timely manner, during this time the fund value may fall as well as rise.

Acceptance

By accepting these statements you confirm you have read, understood and you meet the conditions of the relevant category of investor.

1 Income means adjusted gross income, as reported for federal income tax purposes, increased by the following amounts: (i) the amount of any tax exempt interest income received; (ii) the amount of losses claimed as a limited partner in a limited partnership; (iii) any deduction claimed for depletion; (iv) amounts contributed to an IRA or Keogh retirement plan; (v) alimony paid; and (vi) any amount by which income from long-term capital gains has been reduced in arriving at adjusted gross income pursuant to the provisions of Section 1202 of the Internal Revenue Code.

2 Net Worth is the amount by which your total assets at fair market value exceed your total liabilities, with the following adjustments:

(i) the estimated fair market value of your primary residence is excluded from your total assets; (ii) the amount of any indebtedness secured by your primary residence up to the fair market value of such residence is not treated as a liability; (iii) the amount of any indebtedness secured by your primary residence that exceeds the fair market value of your primary residence is treated as a liability; and (iv) the amount of any debt secured by your primary residence incurred during the 60 days immediately preceding your purchase of any securities of the Company is treated as a liability (even if the estimated fair market value of your primary residence exceeds the aggregate amount of indebtedness secured by such primary residence), unless such debt resulted from the purchase of your primary residence during such 60 day period.

Enhanced Income in low growth world

The MASECO Asset Management Alternative Income Fund (AIF) was launched in response to new opportunities in the Alternative Income markets and in anticipation of the expansion of Direct Lending as a mainstream asset class.

The multi-strategy Alternative Income Fund (AIF) was created with the goal of providing investors opportunities to obtain a high income return stream that is uncorrelated to traditional fixed income and equities.  These stable and predictable return streams can be achieved through investing in loans across geography and sub-asset class whilst capturing the ‘illiquidity’ and ‘inefficiency’ risk premiums available.

As a direct result of the contraction of bank lending post the financial crisis and the disruption to the lending industry off the back of technological improvements – opportunities now exist for investors to capture higher income returns that were traditionally reserved for banks and financial institutions.

Investors are currently faced with a low interest rate environment whilst traditional fixed income investments are at their most expensive levels in history.[1]Given this backdrop investors are looking beyond traditional fixed income as a source of income return.

Using our broad range of sub-asset class expertise, we aim to provide investors with enhanced income in a low growth world whilst at the same time focusing on diversification, absolute return, low volatility and capital preservation.

[1] Barton, S. & McCormick, L. “Most Expensive Bond Market In History Has Come Unhinged. Or Not.”. Bloomberg.com. 20 Oct. 2016.

Research Capabilities

Invest
In The Press
June 20, 2019
Josh Matthews expert panellist at Private Wealth UK Spring Forum 2019
MASECO Asset Management
Josh Matthews, Managing Partner at MASECO Private Wealth and architect of MASECO Asset Management, was again invited to be an expert panellist on alternative credit at the Private Wealth UK Spring Forum 2019. The fourth annual event of its kind, the Private Wealth Forum brings together 150+ allocators of high-net-worth capital from the UK, including…
In The Press
May 10, 2019
AltFi Alternative Credit Fund Manager of the Year – Runner Up 2018
MASECO Asset Management
MASECO Asset Management has been named runner-up for the second year running in the Alternative Credit Fund Manager of the Year category at the 2018 AltFi Awards. This follows a win in the same category in 2016. AltFi is the world’s leading news site for the fast growing alternative finance space. MASECO Asset Management was in…
In The Press
January 22, 2018
Success again at the AltFi Awards
MASECO Asset Management
MASECO Asset Management has been named runner-up in the Alternative Credit Fund Manager of the Year category at the 2017 AltFi Awards. This success comes hot on the heels of their win in the same category as last year. AltFi is the world’s leading news site for the fast growing alternative finance space. MASECO Asset…
The Alternative Credit Asset Class
June 9, 2017
Josh Matthews speaks at AltFi Conference in Edinburgh
MASECO Asset Management
After their successful event in London in February this year, which brought together an audience of wealth managers, family offices, hedge fund managers, funds-of-funds managers, portfolio managers and other professional fund selectors and financial advisers, AltFi hosted their follow-up conference on Tuesday 6th June at the Royal College of Physicians in Edinburgh. As a specialist…
The Alternative Credit Asset Class
March 2, 2017
SPIVA Buffet Passive vs. Active
Josh Matthews
It has been known for decades that active fund managers general underperform their benchmarks[1].  Eugene Fama penned the Efficient Market Hypothesis[2] in the 60’s proving this and there has been numerous others who have throughout the years.  In very recent times, Warren Buffet made waves this weekend with his harsh criticism of Wall Street and…
In The Press
February 13, 2017
Josh Matthews speaks at Altfi Conference
MASECO Asset Management
As a follow on to MASECO Asset Management winning the Altfi Fund Manager of the Year award a month ago, Josh spoke at the Altfi conference on Wednesday 8th February. As a specialist in the alternative credit market, Josh spoke about Mapping out the Alternative Finance Fund Universe to a crowd of approximately 100 industry…
In The Press
January 25, 2017
Josh Matthews attends the Alt Fi Awards 2016
MASECO Asset Management
On 18th January, Josh Matthews attended an event to celebrate the Alt Fi Awards 2016 and collected the award for ‘Fund Manager of the Year’ on behalf of MASECO Asset Management.  It was a fantastic and well-attended event as well as a welcome opportunity to meet with the other award winning firms. To view all…
The Alternative Credit Asset Class
January 25, 2017
How to Diversify your Alternative Credit Portfolio
Josh Matthews
Diversification is one of the most important aspects when investing and this is no exception in Alternative Credit.  Diversifying your investments in Alternative Credit is a lot harder to achieve than in many other more liquid and mature asset classes.   Here are some ways in which you can achieve this.
In The Press
December 19, 2016
Fund Manager of the Year
Josh Matthews
We are thrilled to announce that MASECO Asset Management has been named ‘Fund Manager of the Year’ at the AltFi Awards 2016.  The judges recognized that MASECO Asset Management’s Alternative Credit Fund has been able to achieve high returns with low volatility by investing in a diversified portfolio of private loans across insurance, SMEs, Trade…
Uncategorized
October 11, 2016
Having a lending criteria is essential and the 5 C’s of lending are a great starting point
Josh Matthews
Whilst at my former employer (big bank) we used to lend money to high net worth clients on a regular basis.  We used to subscribe to a very simple framework called the five C’s of lending that when implemented with robust procedures and criteria was an excellent way to lend with a high degree of…
The Alternative Credit Asset Class
September 12, 2016
Why the opportunity in alternative credit is far broader than just p2p.
Josh Matthews
Why the opportunity in alternative credit is far broader than just p2p – AltFi Credit Since the GFC (Global Financial Crisis) interest rates across the globe have stayed low much longer than most people have expected and this has led investors to look further afield in search of high yielding investments.  Over the past few…
Macro Economics
September 7, 2016
The potential butterfly effect of upcoming Money Market Fund reforms
Takeshi Koyama
In two months from now, on October 14, the Money Market Fund Reform Rules are going to be implemented in the US: institutional prime money market funds will be required to move away from the fixed $1 share price and adopt a floating NAV.
The Alternative Credit Asset Class
September 5, 2016
Direct lending funds most popular for alternative credit investors, finds survey
Daniel Lanyon
A survey of investors by Elian shows those invested in the broad alternative credit space are most bullish on direct lending over other strategies on a two year view. Direct lending is the most popular of different strategies among European institutional investors over the next two years, according to new research into alternative credit funds.…
The Alternative Credit Asset Class
August 15, 2016
Have all the good deals been done – are we too late to the party?
James Sellon
A question I consider is – at this stage in the cycle, have all the ‘good’ European debt deals been done and in the current environment are there now too many participants looking at too few deals? Speaking to market participants the sense that I get is that the current deals being offered are more…
The Alternative Credit Asset Class
August 3, 2016
People need banking but do they need banks?
Josh Matthews
Would your son or daughter be more excited about opening up an account on the high street or purchasing a financial service solution from the likes of Apple, Amazon or PayPal? PwC hosted a roundtable to discuss these points in great detail and they agreed that the key competitive battleground in this industry is around…
Macro Economics
July 10, 2016
Why I think we are in a unique position
James Sellon
As I sit here in mid-2016, I see a macro picture unlike any other in my career. The conundrum facing CIOs and institutional investors is how to allocate in an environment of low to negative interest rates. These low rates are a function of extraordinary easing of monetary conditions by global governments in a manner never seen before.
European Loans
June 14, 2016
European Banks – the most amazing transition in a generation?
Josh Matthews
I was recently reading a PwC report entitled ‘Capitalising on the Acceleration in Bank Restructuring 2016’. It was so enlightening that I thought I would share its findings. Europe began their quantitative easing program around 18 months ago and as a result the European banks have begun a journey of deleveraging. This deleveraging means selling off non-core assets and reducing lending.
SME Loans
June 4, 2016
Comparing the Big Three – What effect is institutional involvement having on Gross Lending rates?
Daniel Lanyon
In a recent article titled ‘a dive into the Loan Books of Zopa, Funding Circle and RateSetter’ it was highlighted that one of the factors affecting the changing nature of the loan books of the big three has been the introduction of institutional capital.
The Alternative Credit Asset Class
April 12, 2016
Institutional Investors Increase Presence in Marketplace Lending Space
Daniel Lanyon
The second annual survey by Richards Kibbe & Orbe and Wharton FinTech reveals that half of all institutional investors surveyed hold investments in marketplace lending. Global law firm Richards Kibbe & Orbe and Wharton FinTech – a firm focusing on education, career development and idea promotion in FinTech – today released their second annual survey on the marketplace lending industry, entitled: “2016 Survey of U.S. Marketplace Lending”.