New Vernon Investment Management LLC

New Vernon Investment Management serves primarily private investment funds and a limited number of separately managed client accounts, acting as discretionary investment adviser to two master-feeder fund families (the Global Opportunities Funds and the Insurance Funds). It also provides investment services to a fund-of-funds client and, under commercial arrangements, supplies historic portfolio data to an unaffiliated investment adviser.

The firm’s investment approach combines fundamental, value-oriented analysis with multiple trading strategies: the Global Opportunities funds pursue a core-equity focus supplemented by pairs trading and macro trading targeted at emerging-market themes, while the Insurance funds emphasize a value-based approach to U.S. insurance and insurance-related securities and may use short sales. NVIM routinely uses a broad set of instruments — including fixed income (including lower-rated/high-yield securities), equities (including small- and micro-cap stocks), options, futures, currencies, over‑the‑counter derivatives and foreign-exchange trading — and may employ leverage and margin in the course of managing portfolios.

What is distinctive in the brochure is the firm’s mix of advisory and commercial arrangements: it charges both asset-based and performance-based compensation to its funds while also receiving an annual fixed fee (and potential discretionary bonus) in exchange for providing fund portfolio data to an unaffiliated adviser, and it participates in paid data‑sharing/alpha‑capture programs. NVIM is affiliated with a broker‑dealer that has on occasion executed client trades, invests a portion of its funds in pooled vehicles advised by an affiliate (with fee waivers for those allocations), and reports fund performance to investors via monthly unaudited and annual audited statements.