Benchmarking is important because it’s the only way to understand infrastructure investment on a multi-asset class basis, says Frederic Blanc-Brude, chief executive officer at Scientific Infra and director of the EDHEC Infrastructure Institute. “Before knowing how well your asset managers perform or anything like this, the first other questions for a [chief investment officer] are, ‘Should I invest in infrastructure in the first place? What role does it play in my portfolio? What does it contribute? How different is it from bonds and stocks? Does it have a risk profile that is interesting for me?’”

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