ALLOCATION TO ALTERNATIVE INVESTMENTS CONTINUES TO INCREASE…
UK ENERGY STORAGE UK ENERGY STORAGE
ENERGY STORAGE SYSTEMS (ESS) are utility-scale systems typically containing batteries that can both absorb and release energy in near real time
Renewable energy is an increasing share of the UK electricity mix
Renewable energy is an increasing share of the UK electricity mix
Cost-effective battery-based storage plants have emerged as a solution to address the challenge of renewable intermittency for the National Grid
Cost-effective battery-based storage plants have emerged as a solution to address the challenge of renewable intermittency for the National Grid
Returns are not dependant on subsidies and are uncorrelated to the absolute level of wholesale power prices
UK FORESTRY UK FORESTRY
Proven asset class for institutional, family office and private investors
Global timber demand expected to increase substantially
Global timber demand expected to increase substantially
Effective diversifier; returns have low correlation to mainstream asset classes historically
Effective diversifier; returns have low correlation to mainstream asset classes historically
10 Year Return vs Volatility 10 Year Return vs Volatility UK FORESTRY UK FORESTRY
14% 16% 18%
12% 10% 8% 6% 4% 2%
0% -2%
14% 16% 18%
12% 10% 8% 6% 4% 2%
0% -2%
UK COMMERCIAL PROPERTY
GLOBAL INVESTMENT GRADE BONDS
US FORESTRY US FORESTRY
Source: FIM Forestry calculations using Bloomberg data. IPD UK Forestry and IPD UK Property Indices, MSCI World/Emerging Markets Indices, FTSE All Share Index, FTSE AIM Index, UK Gilts, UK Inflation, PIMCO Global Bond and NCREIF US Timberland Index – data from 1 January 2008 to 31 December 2017
Source: FIM Forestry calculations using Bloomberg data. IPD UK Forestry and IPD UK Property Indices, MSCI World/Emerging Markets Indices, FTSE All Share Index, FTSE AIM Index, UK Gilts, UK Inflation, PIMCO Global Bond and NCREIF US Timberland Index – data from 1 January 2008 to 31 December 2017
0% 5% 10% 15% 20% 25% 30% 35% Volatility over 10 years (standard deviation)
0% 5% 10% 15% 20% 25% 30% 35% Volatility over 10 years (standard deviation)
GLOBAL INVESTMENT GRADE BONDS
UK COMMERCIAL PROPERTY
UK EQUITIES GLOBAL EQUITIES
UK EQUITIES GLOBAL EQUITIES
MARKET EQUITIES EMERGING
EMERGING MARKET EQUITIES
Tax-free revenue and capital appreciation with 100% relief from inheritance tax (after two years of ownership)1
Tax-free revenue and capital appreciation with 100% relief from inheritance tax (after two years of ownership)1
Proven asset class for institutional, family office and private investors
Returns are not dependant on subsidies and are uncorrelated to the absolute level of wholesale power prices
ENERGY STORAGE SYSTEMS (ESS) are utility-scale systems typically containing batteries that can both absorb and release energy in near real time
60% 60
50% 50
40% 40
30% 30
20% 20
10% 10%
0% 0%
COAL COAL
NATURAL GAS NATURAL GAS
Source: BEIS Reference Scenario Source: BEIS Reference Scenario
UK SOLAR UK SOLAR
UK clean energy demand is expected to increase substantially as the economy continues to decarbonise
Partially index-linked revenues, highly cash generative asset with a 25 year+ economic life
Partially index-linked revenues, highly cash generative asset with a 25 year+ economic life
Low volatility in annual output providing predictable cash distributions
Exposure to potential upside from UK power prices which are forecast to rise over the long term
CONTACT US CONTACT US
Exposure to potential upside from UK power prices which are forecast to rise over the long term
Low volatility in annual output providing predictable cash distributions
UK clean energy demand is expected to increase substantially as the economy continues to decarbonise
NUCLEAR NUCLEAR
RENEWABLE ENERGY RENEWABLE ENERGY
ALLOCATION TO ALTERNATIVE INVESTMENTS CONTINUES TO INCREASE…
HERE ARE SOME OF THE ASSET CLASSES WE SPECIALISE IN HERE ARE SOME OF THE ASSET CLASSES WE SPECIALISE IN
UK electricity generation mix – Renewable energy on the rise UK electricity generation mix – Renewable energy on the rise
020 3837 6270
info@greshamhouse.com greshamhouse.com
020 3837 6270
info@greshamhouse.com greshamhouse.com
1Gresham House does not provide taxation advice. Prospective 1prior to making any investment decisions.
1Gresham House does not provide taxation advice. Prospective 1investors are advised to consult their own professional advisers
1investors are advised to consult their own professional advisers 1prior to making any investment decisions.
Gresham House Asset Management Ltd is authorised and regulated by the Financial Conduct Authority (“FCA”) reference number 682776
Annualised 10 year return (%)Annualised 10 year return (%)
Share (%)
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Share (%)
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