Connect with us


Phuket business: Axiom legal financing segregated portfolio

Legacy Phuket Gazette



PHUKET: A little while back my article about litigation funding in general was published and at the time I was kind of sitting on the fence about the asset class.

One of my main hang-ups had been with the fact that generally the access to it that I had seen up to that point had been via structured notes, which had timing issues for a lot of my clients. In a response to my article I was pointed to a great fund within this space, and since then I have had a very positive response to it from just about everyone I have shown it to.

The Axiom fund provides loans to law firms trying non-frivolous lawsuits such as divorce, etc. As with the types of notes I had looked at before, all the cases are insured and there is also insurance taken out against the law firm should it fail. Thus, the protection is extremely high. The main difference is that there is no percentage split of the winnings from the cases, but this is balanced by them charging a slightly higher interest rate to the law firms.

The cases must be almost guaranteed to be settled, otherwise the insurance company will not underwrite the policy. The fund also has an average of about 1,500 loans out at one time, which means their portfolio of loans is highly diversified. Because the term of each loan is usually less than 12 months, this ensures basically the entire portfolio turns over every year and the rate at which the loans are repaid leads to extremely consistent returns for the fund. The standard deviation of returns is less than half a percent. This is even more remarkable given that the fund has averaged almost 12% per annum in its short existence (it is just over two years old).

The best part about this fund is that it is non-correlated with the financial markets and the world economy. I personally believe a 10% holding in just any portfolio provides an excellent buffer against falling stock markets or rising interest rates. I would not go too heavy into this fund as it has a short track record and is still a single fund manager, but I do believe there is not a risk profile out there for which this fund is not appropriate (with the exception of the cash under the mattress crowd).

The fund is available with a minimum investment of £12,500 through an offshore portfolio bond, and is very liquid. It deals monthly with a 30-day notice period. While it is run out of the UK and is based in pounds sterling, there are also USD and EUR tranches available. In a market such as we are currently in where bank deposits are paying virtually nothing in interest, a small allocation in this fund can give a nice little extra bit of return to your portfolio without taking an excessive amount of risk.

David Mayes MBA lives in Phuket and provides wealth management services to expatriates around the world, specializing in UK pension transfers. He can be reached at 085-335-8573 or by email at

— David Mayes


Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram


Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Best of4 hours ago

Phuket’s 5 most family-friendly resorts

Transport5 hours ago

Transport Company announces bus services are suspended until August 31

Thailand7 hours ago

Thailand News Today | 29 provinces now on curfew, booze ban in Phuket

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Insurgency7 hours ago

Volunteer ranger killed in grenade attack by suspected insurgents

Best of8 hours ago

Top 5 Spas in Koh Samui

Thailand8 hours ago

Hemp ice cream hits the Thai market

Join the conversation on the Thaiger Talk forums today!
Chon Buri8 hours ago

Chon Buri sets local order, restaurants in malls to only offer food for delivery

Thailand8 hours ago

Samut Prakan man dies in fire, possibly self-inflicted

Thailand9 hours ago

Royal Thai Police say bitterleaf can’t cure Covid

Coronavirus (Covid-19)10 hours ago

Tuesday Covid Update: 18,901 new cases, provincial totals

Thailand10 hours ago

Air Asia technician arrested for allegedly stealing electronics

Pattaya10 hours ago

“Pattaya Move On” reopening likely to be postponed as Covid cases surge

Thailand11 hours ago

3 metre long python caught near family’s house in Phuket

Thailand12 hours ago

Government says not to buy Favipiravir/Avigan online, says it might be fake

Phuket12 hours ago

Phuket bans alcohol sales at restaurants, issues order amid rise of Covid cases

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand7 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand7 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand7 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand7 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand7 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand7 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand7 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8