Corey McLaren Steps In as Managing Director at Abacus Life
Corey McLaren Steps In as Managing Director at Abacus Life
Abacus Life, Inc. (NASDAQ: ABL), a leader in alternative asset management, proudly announces the appointment of Corey McLaren as the new Managing Director of Capital Markets. This announcement underscores the company’s commitment to strengthening its leadership and enhancing its market strategies.
Corey McLaren’s Impressive Background
Bringing nearly two decades of expertise in financial services, Mr. McLaren has a rich background particularly focused on life settlements. His previous role was with Spearhead Capital, where, as Director of Alternative Strategies, he effectively managed the daily operations of a life settlement investment fund.
Experience with Life Settlement Funds
Before his time at Spearhead, McLaren served as a Director at FDO Partners, a hedge fund based in Cambridge. His tenure there was marked by his pivotal role in launching and sourcing various life settlement investment funds. This extensive experience positions him well to contribute to Abacus's success in the financial markets.
Leadership Insights from the CEO
Jay Jackson, CEO of Abacus Life, expressed his enthusiasm about McLaren joining the team, stating, "Corey brings a wealth of experience in the industry. His expertise will be instrumental in driving our strategic vision forward. We are excited to have him as a part of the ABL team.”
McLaren’s Vision for Abacus
In response to his new role, Mr. McLaren shared his outlook on the future, remarking, “With a proven track record and an ambitious long-term growth strategy, Abacus is well-positioned for future success. I am thrilled to be a part of it.” His enthusiasm reflects the alignment with Abacus's innovative approach to alternative investments and market positioning.
About Abacus Life
Abacus Life is recognized as a foremost global alternative asset manager, particularly known for leveraging advanced longevity and actuarial technologies. Their expertise centers around acquiring life insurance policies from consumers who seek liquidity, thus crafting a lucrative asset class for institutional investors that remains uncorrelated with market trends.
Investment and Market Strategies
The company manages over $2 billion in assets and is distinguished as the only publicly traded firm focused on lifespan-based financial products listed on the Nasdaq. Abacus is at the forefront of innovation within its field.
New Ventures and Technological Innovations
Continuing its expansion, Abacus has ventured into two new sectors: ABL Wealth, aimed at providing longevity-based wealth management services, and ABL Tech, which introduces revolutionary technology solutions for various sectors, including pension funds and insurance companies. These advancements allow for enhanced real-time data tracking and insights, fundamentally transforming the life insurance landscape.
Frequently Asked Questions
Who is Corey McLaren?
Corey McLaren is the newly appointed Managing Director of Capital Markets at Abacus Life, with extensive experience in financial services and life settlements.
What is Abacus Life known for?
Abacus Life specializes in alternative asset management, focusing on lifespan-based financial products and life settlements.
What are the recent developments at Abacus Life?
Abacus Life has expanded its portfolio with new sectors like ABL Wealth and ABL Tech, aiming to innovate wealth management and technology services.
How does Abacus Life manage its assets?
Abacus manages over $2 billion in assets, investing in life insurance policies and delivering them to institutional investors, emphasizing uncorrelated returns.
What industry experience does Corey McLaren bring?
McLaren has nearly two decades of experience in financial services, specializing in life settlements and management of investment funds.
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