Shop Talk: Investing in intellectual property as a real asset

What is the rationale for treating intellectual property ownership of music or pharmaceuticals as “real asset” investing? What are the four characteristics of a real asset? How do various types of IP produce cash flow? And what about the difficulty of protecting one’s intellectual property from misuse? Our guest, Jon Rotolo, head of private equity and real assets at Barings, joins us to explain. (04/2018)