The importance of the right benchmark
A new paper by EDHECInfra argues that selecting the right benchmark could completely change investors' preferred asset allocation to infrastructure equity and debt.
A new paper by EDHECInfra argues that selecting the right benchmark could completely change investors' preferred asset allocation to infrastructure equity and debt.
COVID-19 lockdowns have highlighted the risks in infrastructure, that have been there all along. The realisation that infrastructure assets represent significant risk exposures, that should be understood and managed, will determine the coming of age of the infrastructure asset class.
Listed infrastructure is an ill-defined asset class that is often sold with false promises, threatening to discourage institutional players from genuine long-term investment in capital projects.
Asset owners are winning the argument to lower private equity manager fees; their next battle will be about the valuation of private assets.
Infrastructure