Newsletter May, 2020

They say risk is derived from what you do not know (rather than the conventional measures like volatility/Beta). In an endeavor to keep you aware on the health of your portfolio in last month’s newsletter we conducted a deep dive analysis of your companies to assess their ability to weather this global storm. As expected, the results were reassuring- your portfolio companies showed balance sheet resilience in the face of uncertainty even when stress tested under a 6 month lockdown scenario.