EDHEC

The Latest

Infrastructure

Infrastructure prices don’t show bubble

A decade of price increases in unlisted infrastructure raised fears of an “infrastructure bubble”. On the contrary, this period was one of price discovery for a nascent asset class, research by EDHECinfra finds.

Frederic Blanc-Brude and Sarah TameMarch 1, 2019

Risk

Factors are useless without the research

Product providers cite all manner of factors behind the performance of their products but unless those factors adhere to what academics have replicated and standardised, it’s folly for investors to expect persistent returns from them.

Felix Goltz and Ben LuytenFebruary 27, 2019

Infrastructure

Toward an infrastructure asset class

EDHECinfra proposes industry standard benchmarks for infrastructure, based on a framework for measuring risk-adjusted performance and the results from its survey of investors.

Sarah TameFebruary 15, 2018

Opinion

Bottom-up gets two thumbs down

A pair of researchers cite studies to argue that the ‘bottom-up’ method of constructing multi-factor portfolios reduces transparency and adds complexity, with no visible benefit.

Felix Goltz and Sivagaminathan SivasubramanianFebruary 1, 2018

Infrastructure

‘Fake infra’ threatens real deal

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.

Frederic Blanc-BrudeOctober 16, 2017

Analysis

CalPERS mulls leverage

The board of the United States’ largest pension fund calls in the experts as it considers applying leverage in its portfolio, part of efforts to improve a 68 per cent liability-funding ratio.

SIMON HOYLEJuly 20, 2017

Infrastructure

First benchmarks for infrastructure

The first-ever benchmarks for private infrastructure equity and debt investments have been provided by EDHEC Infrastructure, which is releasing hundreds of new indices to end confusing packaging.

Frederic Blanc-BrudeJuly 3, 2017

Opinion

Asset owners’ next battle

Asset owners are winning the argument to lower private equity manager fees; their next battle will be about the valuation of private assets.

Frederic Blanc-BrudeJune 1, 2016

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UK’s CEPB favours private markets

Portable alpha slashes pension deficit

Geopolitics: risk or opportunity?

Australia’s funds can do better

The Latest

Infrastructure

Infrastructure prices don’t show bubble

Risk

Factors are useless without the research

Infrastructure

Toward an infrastructure asset class

Opinion

Bottom-up gets two thumbs down

Infrastructure

‘Fake infra’ threatens real deal

Analysis

CalPERS mulls leverage

Infrastructure

First benchmarks for infrastructure

Opinion

Asset owners’ next battle

Asset Allocation

UK’s CEPB favours private markets

Sustainability

ATP’s approach to ESG

Risk

Geopolitics: risk or opportunity?

Risk

Australia’s funds can do better

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