EDHEC

Infrastructure

Infra risks misunderstood

Investors in infrastructure do know how much risk they are taking and they are not happy about it, according to the 2019 EDHECinfra/G20 survey. This is the first installment of a three part series examining the results according to asset allocation, monitoring and risk management.

Frederic Blanc-BrudeMay 22, 2019

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

Asset Classes

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

Asset Classes

‘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

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