JRT Partners

Impact InvestingA Family Office Perspective

Registration No. 201531786C

Tuck Meng Yee (65) 9105 0258

service@jrt-partners.com

JRT Partners

What I will be covering

1 Who is JRT Partners?

2 Why consider Impact Investing ?

3 What is Impact investing for a Family Office?

4 How did we implement Impact Investing?

JRT Partners

JRT Partners

1 About JRT Partners

• JRT Partners is a family office and fund services group based in Singapore

that:

• Deals with the management issues of investing and reporting on behalf

of an Asian family with members in 5 countries and 4 generations

• Manages a multi asset portfolio ranging from Property to Funds and

Derivatives

• Works with or advises other families on family office structure,

management, administration and portfolio management and investment

due diligence

JRT Partners

2 Impact Investing - Sustainable & Efficient Philanthropy

• Creating a Legacy: “What’s the point?”

What evidences the Family existing? How much Impact?

How would the Family be regarded? What Impact?

• Traditional methods: “Giving for good”

• Philanthropy

• Pro bono service

• New Methods: “Effectiveness and Efficiency for Good”

Giving with Intent PLUS…

Financial Accountability AND…

Results Accountability

JRT Partners

3 What is Impact Investing to Us?

A more holistic way of investing that takes into account:

• Expected personal financial impact (Risk & Profit)

• Expected impact on people (How will lives be changed?)

• Expected impact on environment (Haze, temperature, water)

Traditional Alphabet Soup Approaches:

• CSR – Corporate Social Responsibility “responsible corporate citizen”

Managing to the Spirit of the Law and to Ethical standards

• ESG – Environment, Social, Governance

Appraising investments through the 3 Filters

JRT Partners

3 What is Impact Investing to Us? (2)

• SRI – Socially Responsible Investing: “Sustainable Investing”

Invest to minimize harm to society and the environment

Eg Clean energy vs traditional energy

Invest to maximize gain to society and the environment

Eg Education and microfinance

• Venture Capital

Providing capital to the riskiest sectors of business is a form of

philanthropy with possible financial payoff

JRT Partners

4 How did we implement Impact Investing?

• We want (sustainable) satisfaction: P.E.I.

Physically (are our bodies healthier? Do we have more?)

Emotionally (does it make us happy?)

Intellectually (is it satisfying?)

…WITHOUT harming or minimizing harm to others

• Traditional assessment methods fail the above P.EI test:

• Eg1: Airlines make money but give mediocre service

• Eg2: Measuring child’s progress through life by academic grades

JRT Partners

4 How did we implement Impact Investing? (2)

• Our general portfolio

Implement CSR and ESG filters

And our own values through PEI analysis

…to restructure the portfolio

• Exploring new impact measurement frameworks

• IRIS – Impact Reporting and Investment Standards

• GIIRS – Ratings for Impact Investments

…to further refine the portfolio

• On the ground visits – vital!

JRT Partners

4 How did we implement Impact Investing? (3)

• Result? We do not invest in:

Gaming, coal, palm oil, tobacco, defense

Selected names like Microsoft, Wells Fargo

Asian retail property REITs

• We DO invest in :

• Ecoresorts - helping with the haze and reforestation

• Agriculture – no live beef exports

• Social Impact Bonds – reducing juvenile delinquencies

…each so far delivering double digit returns*

Our experience is that the portfolio has not suffered by

implementing Impact and ESG approaches

JRT Partners

4 Example – Eco Resorts Investments

• 2 resorts in Indonesia Sumatra:

Not developed tourism areas

Palm oil and fishing main industries

70 staff trained and employed

Furniture and transport businesses seeded

• Impact programs : Increased awareness of -

• rainforest preservation

• coral reef preservation

• sustainable fishing

…with Investment IRRs of >25% despite low occupancy!

JRT Partners11/12

Tuck Meng Yee 庾得明

Tuck Meng has over 20 years experience in investment

products development, research, marketing, portfolio

allocation, and administration especially in funds and

alternative investments. Most recently heading global fund

services group Moore Management's Singapore office

before founding JRT Partners, a family office and fund

services group.

His experience in designing, analysing, marketing,

managing and supporting fund investments and structured

products for leading institutions like Citi Private Bank, ABN

Amro Private Bank, JP Morgan, UBS, and the

Commonwealth Bank of Australia in Asia and Australia gives

him a keen sense of what investments suit which types of

investors, and the support they typically need.

Tuck speaks English and Mandarin, and holds degrees in

Accounting, Computer Science, and Finance (Masters) from

the Australian National University and the University of New

South Wales.

JRT Partners

Staying In Touch

We welcome enquiries!

Tuck Meng Yee

+65 9105 0258

service@jrt-partners.com

(Viber QR code at right)