Infrastructure Investment

Infrastructure Investment - Articles & White Papers

Research and white papers on infrastructure investment for institutional investors. Some Australian and Canadian pension funds have 20 years experience of infrastructure investing, and our most popular paper draws lessons from their experiences. Most institutional investors lack experience in infrastructure as an asset class, meaning that guides to infrastructure investing are popular. For funds unable to consider private infrastructure investment, listed infrastructure is an alternative which can provide liquidity and diversification, and we feature a number of white papers on listed infrastructure investments. Private infrastructure is an illiquid asset, so investors need to consider not just the trade-off between return and risk, but also the third dimension of liquidity. Private infrastructure investment can also pose political and regulatory risks, and one popular article considers the mitigation of these risks. Other topics explored in this section include green infrastructure, infrastructure governance, infrastructure finance, and infrastructure debt valuation. Analysis of the top infrastructure asset managers and investors can be found in the Towers Watson Global Alternatives Survey, while Preqin provide regular investor reports and occasional special reports, such as on service providers in infrastructure investment.
  • Michael Page

    UK Front Office Banking & Asset Management Salary Survey 2017

    This 22 page report from Michael Page details average remuneration (salary plus bonus) for a range of front office banking and fund management positions, including compensation for asset managers, quants, investment strategists, equity analysts, multi-asset portfolio managers, debt and credit analysts, and those in research/strategy and sales/trading roles in the UK. The ...

    • Professional
    • Views: 2546
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  • Credit Suisse

    Supertrends - Investing for the Long Term (Credit Suisse, 2017)

    This 97-page report has been produced by Credit Suisse. It analyses the key trends affecting long-term investing, such as geopolitics, demographic shifts, and rapid technology change. These movements provide a tangible link between today’s major developments and portfolios' risk/return profiles in the long run.

    • Professional
    • Views: 2826
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  • Rotman International Centre for Pension Management

    Pension Fund Investment in Infrastructure: Lessons from Australia and Canada

    Since the early 1990s, the pioneers in infrastructure investing have been Canadian and Australian pension funds. Globally, these funds currently have the highest allocation of assets to infrastructure. In this article, the authors compare and contrast institutional investors' experiences in Australia and Canada, examining the pension systems, infrastructure policies, the ...

  • Cohen & Steers

    Global Infrastructure: The Listed Alternative (Cohen & Steers)

    With more institutions allocating to infrastructure, the authors of this paper believe that the listed market offers a compelling solution to the rising build-up of capital in the private market, aiding investors in achieving their target infrastructure weightings, providing liquidity, and expanding the range of global investment opportunities.

    • Professional
    • Views: 1504
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  • Deutsche Bank

    Why you should not invest in infrastructure (Deutsche Bank, 2016)

    Financing infrastructure investments in the era of constrained public finances is a complex problem. Harnessing private capital, particularly from life insurers and pension funds, with the expectation of steady long-term cash flows, is the oft-proposed solution to this dilemma. This essay by Deutsche Bank subverts all of this by arguing that this solution is wrong on multiple ...

    • Professional
    • Views: 1296
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  • Franklin Templeton Investments

    Social Infrastructure in Europe: Private Investment Opportunities (Franklin Templeton, 2018)

    Social infrastructure is defined as the physical assets that facilitate social services, helping build strong communities. Assets include healthcare and education facilities, social and affordable housing, and buildings related to justice, emergency and civic services. This paper by Franklin Templeton explores some of the European investment opportunities.

  • Preqin

    Preqin Fund Manager Outlook: Alternative Assets, H1 2018

    This report by Preqin has been published specifically for Savvy Investor members! It surveys over 550 private capital firms and 360 hedge funds to compile the most comprehensive fund manager outlook report covering the alternative assets industry. Key findings include market overview for each asset class, key challenges, deal flow and competition, fund manager views and ...

  • CFA Institute Research Foundation

    Alternative Investments: A Primer for Investment Professionals (CFA Institute Research Foundation, 2018)

    This publication has been authored by CAIA and published by CFA Institute Research Foundation. It provides an overview of alternative investments for an institutional asset allocator or overseer of a portfolio containing both traditional and alternative assets. It is designed to build on the reader’s existing knowledge by providing essential information about the ...

  • Barings

    Intellectual Property as a Real Asset (Barings, 2018)

    The understanding of “real” assets has evolved over time with the expansion of asset-based investment strategies available to institutional investors. However, there is no one accepted definition of real assets. Past thinking on the subject has been limited by the attempt to reduce real assets to a single characteristic, such as the positive correlation to inflation or ...

  • bfinance

    Rethinking Real Assets (bfinance, 2018)

    While the post-GFC phase was marked by diversification towards real assets, recent years have seen greater emphasis on diversification within real assets. How beneficial is this type of diversification, particularly in the later stage of the market cycle? With both asset owners and asset managers now taking a more integrated approach to this sector, what are the implications and ...

  • Preqin

    Preqin Investor Outlook: Alternative Assets H1 2018

    Find out the latest on your peers’ appetite for private equity, venture capital, hedge funds, real estate, infrastructure, private debt and natural resources in the Preqin Investor Outlook: Alternative Assets, H1 2018. Featuring the findings of extensive surveys with 550 institutional investors, the report examines investor activity and challenges in 2018, levels of ...

  • Barings

    The Art of Originating & Sourcing Private Assets (Barings)

    Since there is no “formal” market where buyers and sellers of private assets can interact, the ability to originate and/or source deals and transactions is critical to successful investment in these assets. So, where and how are deals to be found? What does it take to generate a continuous pipeline of high-quality transactions? And most importantly, how can this ...

  • State Street Corporation

    Alternative Asset Management: Adapting for Growth (State Street)

    As the investment industry environment transforms faster than ever before, alternative asset managers’ ability to adapt their business models is being tested in the extreme. Institutional investors now outweigh high-net-worth individuals as a source of hedge fund capital, and they continue to grow their allocations in other unlisted assets. This influx of institutional money, ...

  • Cohen & Steers

    With Infrastructure, Follow the Assets (Cohen & Steers, Sept 2017)

    Listed infrastructure—when defined appropriately—can provide access to unique total-return opportunities with diversifying characteristics. Amid the tremendous demand for infrastructure investment strategies, there has been much debate over the relative merits of investing through private or public markets. In particular, we have noted a frenzied effort by some research ...

  • Willis Towers Watson

    Global Alternatives Survey 2017: Including the top alternative asset manager rankings (Willis Towers Watson)

    This 95-page report presents the findings of the 2017 Global Alternatives Survey by Willis Towers Watson. Section 1 of the report delves into recent trends and activities in different alternative asset classes, for example, hedge funds, private equity, real estate, infrastructure, and more. Section 2 lists the Top 100 alternative asset managers by AuM around the world.

    • Professional
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  • Cohen & Steers

    The Case for Global Listed Infrastructure (Cohen & Steers, 2017)

    Allocations to listed infrastructure have been on the rise in recent years amid growing demand for real assets offering relatively predictable cash flows and the potential for attractive real returns. This paper by Cohen & Steers examines the asset class’s historical investment characteristics and the secular themes driving significant capital formation in infrastructure ...

  • Citi

    Solutions for the Global Water Crisis: The End of 'Free and Cheap' Water (Citi, 2017)

    • 09 May 2017
    • Company: Citi

    Over the years there have been many academic studies, government policies, non-governmental organizations (NGO) reports, industrial plans, and others all focusing on ways to improve the management of water and reduce inefficient water use over time - and yet we are still faced with the problem of a looming global water crisis. So why haven’t we solved this problem? This paper by ...

  • The Boston Consulting Group

    The Rise of Alternatives and Long-Term Investing: Strategic Asset Allocation for Large Institutional Investors (BCG)

    This report by The Boston Consulting Group provides guidance for large institutional investors on strategic asset allocation to alternative assets and thinking long-term. It examines the recent investment strategies and management practices of leading institutional investors around the world.

  • Cohen & Steers

    The Benefits of Real Assets Diversification in Defined Contribution Plans (Cohen & Steers, 2017)

    With stocks and bonds facing the prospect of subdued returns, many fiduciaries of defined contribution (DC) plans are considering diversification options for their investment menu. We show how liquid real assets—including real estate securities, commodities, natural resource equities and listed infrastructure—may offer an attractive way to fill that diversification ...