An Asset Management Approach to Delivering Yield and Growth

Alternative Asset Classes - DMW target returns for each asset class

Private Equity

Real Estate: Hotels, Office, Retail

Real Estate: Developments

Theme Funds: Real Estate, Art, Gems

Art Based Lending & Investing

15%-20%

8%-15%

8%-10%

5%-6%

3%-5%

* Percentages reflect target Internal Rates of Return (IRR)