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Insights

Opinion pieces from the team, and uses cases covering private markets, infrastructure investment, climate change, social risk, and more.

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Bad procurement creates systematic risk for infrastructure investors

Singapore, 10 April 2018 – A case study of 10 Spanish toll road projects shows that ill-designed procurement can lead to pro-cyclical infrastructure investment risk and significant losses for private investors. EDHEC Infrastructure Institute – an academic research organisation building performance benchmarks for investors in private infrastructure – shed new light on the risks encountered in infrastructure project investment with

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An industry standard for the infrastructure asset class

From ad hoc to world class Today infrastructure investors use ad hoc benchmarks for unlisted infrastructure investment. They know that’ snot good enough. At EDHECinfra, we are establishing an industry standard for the infrastructure asset class. And we’ve made significant process. We are establishing a framework for data collection and developing asset pricing techniques to measure the risk adjusted performance

Featured image for “Building benchmarks for infrastructure investors: a long but worthwhile journey”

Building benchmarks for infrastructure investors: a long but worthwhile journey

This blog was originally published on the World Bank’s PPP Blog Website. It’s past time for proper infrastructure benchmarks The Argentinian presidency of the G20 opens this month. All the signs indicate that it will be marked by a focus on infrastructure investment. Already, the G20 and OECD have announced a wide-scale data collection initiative for the purpose of creating

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Listed infra funds should be clearly labelled

Listed infrastructure, in its current form, cannot be called an asset class. Asset managers offering so called ‘infrastructure funds’ are misleading investors. It has been argued that the wrapper does not matter, but first impressions count. Our recent paper, The Rise of Fake Infra, reviewed the marketing material of 144 listed infrastructure products. That is, any listed fund with the

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EDHEC calls on regulators to take measures against ‘fake’ listed infrastructure

Singapore – 9 October 2017: In open letters to the chairman of the European Securities and Markets Authority (ESMA) and the chairman of the Securities and Exchange Commission (SEC) in the United States, EDHEC has called on regulators to take measures against the risks of investment in so-called `listed infrastructure’.

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Listed infrastructure investment is a great story but it’s fake

This post was originally published in the Financial Times. For the past 15 years infrastructure investment has been the preserve of large sophisticated investors. It is rapidly becoming more mainstream, and asset owners of all sizes are considering investing in it. Originally confined to private equity or debt strategies, the label “infrastructure” can now be found on numerous financial products.