Softer - "intellectual property" - expertise on entertainment investing
Generally, softer (intellectual property) based collateral. Also hard collateral in the form of tax credits and pre-sales of territory rights for geographic regions - both of which can be discounted
The key aspect though, is deep and rich industry expertise in due diligence and deal execution. We believe it is very difficult to be a “purely financial manager” in the entertainment space - as it is a very complex and fragmented market with specific quirks and peculiarities, which can be very costly if one gets them wrong!
Investing in metal and mining companies
We continue to pursue a bullish outlook on metals. The fundamentals - ie demand and supply mismatch makes a strong case.
• Finding new deposits is getting complex
Mining companies are reluctantly being driven to explore resources in politically unstable environments. Finds of gold deposits valued at a billion are a rarity, and from a mining companies perspective, if at all – few and far between.
Leading trends in timber investing
Since industry divestitures are largely complete, most timber investment managers are now focusing on new and creative strategies for placing capital.
Some new strategies focus on specific tree species or wood products - bio fuels, for example, or species that are in demand by export customers for specialised products like furniture.
Socially responsible investing is estimated at having USD 4trillion, assets under management
Fund of funds portfolio is allocated to various environment linked sectors - including but not restricted to, renewable energy, clean technology, carbon finance, water, timber, agriculture