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  "documentTitle": "Multiple (ValueAct portfolio: Moody's, CBRE, Motorola Solutions, Adobe, Halliburton, Autodesk, Gardner Denver, Sara Lee, Verisign, CR Bard)",
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  "authorName": "Jeff Ubben",
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  "presentationDate": "2012-10-01 00:00:00",
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      "text": "Shift from bank loans to debt in Europe continues to present the largest opportunity in the near-term; Jan. 2006 to May 2012 CAGR: 9% for Bonds vs. 5% for Loans",
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      "text": "Shift from bank loans to debt in Europe continues to present the largest opportunity in the near-term; Jan. 2006 to May 2012 CAGR: 9% for Bonds vs. 5% for Loans. In the first half of 2012, European companies raised more money from the bond markets than from bank loans",
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      "text": "Sources: Federal Reserve, European Central Bank, Barcap Indices, Moody's Capital Markets Research Group; Data as of May 31, 2012. Source: Moody's Investor Day, 2012",
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      "text": "European Non-Financial Corporate Debt Profile Shows Capital Markets Have Room for Growth",
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