# Manville Personal Injury Settlement Trust

Manville Personal Injury Settlement Trust is a Trust / Investment Trust based in Falls Church, United States.

## Overview

- **Organization type:** Trust / Investment Trust
- **Headquarters:** Falls Church, United States
- **Region:** North America
- **Address:** 3120 Fairview Park Dr, Ste 200, Falls Church, VA 22031, United States
- **Founded:** 1988
- **Assets under management:** Undisclosed
- **Website:** mantrust.org
- **LinkedIn:** linkedin.com/company/manville-trust

## Regulatory record

- **Reports private funds:** No

## About

Manville Personal Injury Settlement Trust is a US-based investment trust in Peekskill, managing approximately $600 million in assets, primarily focused on North America.

## Sectors

- Hedge Funds
- Private Credit
- Real Estate
- Secondaries & Special Situations

## People

- Edward D. Robertson, Jr. — Trustee
- Mark A. Peterson — Trustee
- Kirk P. Watson — Trustee
- Jared S. Garelick — General Counsel

## Questions

### What was the original purpose of the Manville Trust, and how was it funded?

The Trust was created in 1988 to resolve all present and future asbestos personal-injury claims against the Johns-Manville Corporation. It was initially funded with approximately $2.5 billion in cash, insurance proceeds, and a majority equity stake in the reorganized operating company. This structure shifted Johns-Manville's tort liabilities to a standalone entity designed to pay claims over time rather than through a one-time lump-sum settlement.

### How did the Berkshire Hathaway acquisition affect the Trust's portfolio?

In 2001, Berkshire Hathaway acquired the operating business of Johns-Manville. As part of that transaction, the Trust tendered its 76% equity stake, converting what had been a concentrated single-stock position into liquid assets. This allowed the Trust to diversify its portfolio across public equities, fixed income, hedge funds, private credit, and real estate, reducing single-issuer risk.

### Who oversees investment decisions at the Trust?

The Trust's board of trustees — currently Edward D. Robertson, Jr., Mark A. Peterson, and Kirk P. Watson — bears ultimate fiduciary responsibility for investment policy and oversight. Day-to-day portfolio management is delegated to external investment consultants and fund managers selected through a procurement process governed by the Trust's investment policy statement.

### What asset classes does the Trust invest in?

The Trust allocates across a diversified mix of asset classes, including public equities, fixed income, hedge funds, private credit, and real estate. The precise allocation shifts based on actuarial projections of future claim liabilities and prevailing market conditions, with a mandate emphasizing both return generation and capital preservation.

### Does the Trust ever terminate, or is it perpetual?

The Trust is not perpetual in the traditional sense — it is designed to self-liquidate once all covered claims have been paid. However, because asbestos-related diseases have long latency periods and claims continue to be filed decades after the Trust's creation, its lifespan remains indefinite. The Trust's annual reports disclose claim volumes and projected future obligations, providing ongoing visibility into its remaining duration.

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- [Manutara Ventures](https://altss.com/profile/manutara-ventures)
- [Maor Investments](https://altss.com/profile/maor-investments)

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Last updated: 2026-06-03T20:00:00.000Z

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