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Opalesque Exclusive: Last Atlantis launches Consumer Receivables share class within Last Atlantis Partners Fund Last Atlantis Capital Management, LLC (St. Thomas, USVI) has introduced LACM Consumer Receivables, Share Class L within the Last Atlantis Partners Fund. Consumer Receivables seeks to purchase past-due debt portfolios from creditors at a significant discount and aims to collect up to three times the amount paid. Returns are expected to experience low volatility and be non-correlated to the equity and fixed income markets.

Consumer Receivables incorporates a diversified portfolio of fifteen buying partners and over eighty portfolios consisting of credit card debt (including installment notes and lines of credit), medical and telecom debt, auto and student loans. Debt accounts are further diversified by origin, age and location to mitigate risk.

As part of its buy-and-collect strategy, instead of collecting the debt internally, the manager contracts with over twenty service providers with qualifications that match the particular composition of the portfolios purchased. The program utilizes proprietary technologies to gain greater transparency on collection activity on a per-account basis rather than by the overall portfolio.

In some instances, portions of a portfolio or an entire portfolio will be put up for resale. Resale activities are designed to lower the cost basis of the remaining portfolio and to recoup capital when funds can be used m......................

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