Page 242 - Brook-Hollow Due Diligence Package

Attachment Number One To: obligation from the Obligor, KACL makes the future periodic payments as agreed
between the Obligor, the Payee and KACL.
Kenmare Assignment Company Limited
Investment Performance Measurement Standard 2020XX0XX Statement of Objectives
Effective September 1, 2020
This IPS has been arrived at upon consideration by KACL, and describes the investment
Investment Policy Statement process that KACL deems appropriate. This process includes offering various asset
classes and investment management styles that, in total, are expected to offer payees of
Executive Summary the assignment obligation the opportunity to diversify their investments in a manner
appropriate to their investment objectives and risk/return requirements.
Client Name: Kenmare Assignment Company Limited (KACL)
The objectives of the Payee’s Portfolios are:
Client Type: Law Firm
- Have the ability to meet future periodic payments as agreed between the obligor,
Current Assets: See Section 2.2 of Fund Agreement the Payee and assigned to KACL,
- Control costs of administering the plan and managing the investments,
Initial Investment Manager: RBC - Provide diversified mix of investments consistent with the goals and objectives of
the Payee, and
This Investment Policy Statement should be reviewed by an attorney knowledgeable in - Please refer to Exhibit A hereto for specific objectives of the overall portfolio.
this specific area of the law. Any change to this policy should be communicated in
writing and on a timely basis to all interested parties. Performance Expectations

Purpose The desired investment objectives will vary based upon the individual structure of the
assignment obligation and the Payee’s desired structure of underlying assets. The target
The purpose of this Investment Policy Statement (IPS) is to assist Kenmare Assignment rate of return for the Payee will be based upon the assumption that future real returns will
Company (KACL) in effectively supervising, monitoring and evaluating KACL’s approximate the long-term rates of return experienced for various asset classes. The
investment Portfolio(s). KACL’s investment program is defined in the various sections payee must understand that market performance varies and a rate of return may not be
of this IPS by: meaningful during some periods.

1. Stating in a written document KACL's attitudes, expectations, objectives and Accordingly, relative performance benchmarks for the investment options are set forth in
guidelines for the investment of assets for KACL’s account. the "Monitoring" section.

2. Encouraging effective communications between KACL and all parties involved with Duties and Responsibilities
the investment management decisions.
KACL
3. Establishing formal criteria to select, monitor, evaluate and compare the performance
results achieved by each investment option on a regular basis. The primary responsibilities of KACL are:

4. Complying with all applicable fiduciary, prudence and due diligence requirements 1. Prepare and maintain this investment policy statement.
experienced investment professionals would utilize, and with all applicable laws, rules
and regulations from various local, state, federal and international political entities that 2. Prudently diversify the plan’s assets to meet an agreed upon risk/return profile.
may impact KACL.
3. Prudently select investment options.
Background
4. Control and account for all investment, record keeping and administrative
KACL is a single purpose entity formed for the purpose of accepting periodic payment expenses associated with the plan.
obligations from individuals or entities who are under a contractual and/or legal
obligation to make future periodic payments. Upon accepting the assignment of
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