Presentation to Vermont Pension Investment Committee
Diversified Asset Portfolios Can Provide Important Benefits in Dislocated Markets
Investments designed
to withstand draconian
performance scenarios
Repayment via contractual,
asset-level cash flows,
not EBITDA
Multiple sources of repayment
Front-loaded cash flow profile
The Romans Figured This Out a Long Time Ago:
Success Is More Likely When Combat Isn't One-on-One
Single-Name
investment risk
We believe that investments in diversified asset portfolios
can provide greater downside protection and greater visibility
into outcomes than single-name risks whose outcomes
can be more binary
For illustrative purposes only. Diversification does not assure profit or protect against market loss.
References to "downside protection" or similar language are not guarantees against loss of investment capital or value.
Source: HC Roman: Tetsudo, 29 Apr. 2016, www.the-romans.eu.
Confidential - Not for Publication or Distribution.
Asset-Focused
investment risk
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