We are constantly monitoring the latest developments and have taken all measures necessary to manage the situation and to ensure business continuity. As I indicated in my previous letter to you, our operational measures and capabilities are such that Robeco remains fully functional in managing client portfolios and serving clients. Our systems and platforms are designed to enable our staff, most of whom are working from home, to operate as normal.
Our approach is one of vigilance and flexibility, allowing us to implement new or revised measures smoothly and as necessary to ensure the health and safety of our staff while maintaining business continuity.
While the reaction from financial markets has been significant, our portfolio managers have lived and worked through decades of market cycles and shifts, and have the necessary experience and insight to sail these stormy seas. As we entered this sell-off with our portfolios conservatively positioned in terms of liquidity, and were able to sell some positions where needed, our net cash position has remained at acceptable levels. It is also good to know that we have strong backing from our shareholder, ORIX Europe, who continues to support the measures we are taking to navigate through the current crisis. Our business is in good shape and we have a solid foundation with a strong capital and liquidity base. Above all, we remain committed to the safe stewardship of your assets.
In all this, and as part of our duty of care to you, we strive to maintain clear communication and regular contact with you. We have increased our digital communication in order to deliver regular updates, and to maintain virtual contact through calls and video conferencing via Skype and other communication platforms. Our commentaries, podcasts, video and fund updates are published on our dedicated web page: https://www.robeco.com/en/coronavirus/.
We are here to serve and support you. Please feel free to reach out to us, through your regular Robeco contact. Despite the many difficulties you may be facing in this time, know that this too shall pass.
Gilbert Van Hassel
This is an contingency update from 25 March 2020