Insights

Recently APRA, Australia’s pension regulator called for comment on the update of “SPG 530 Investment Governance” – a Prudential Practice Guide. This, combined with the update to SPS 530 – the Investment Governance prudential standard is interesting for infrastructure investors. Key questions are what is happening, why, and what this means for infrastructure investments? Firstly, what is happening? APRA is

Why suffer at the hands of the denominator effect when the true market value of private assets is available? When one asset class in a portfolio underperforms (or outperforms) markedly, the resulting change in the total portfolio value (the denominator) can make allocations to other asset classes significantly overweight (or underweight). Indeed, strong reported performance in 2021 pushed several asset

This year has been a very interesting one for infrastructure investors, especially energy infrastructure investors. The war in Ukraine led to massive dislocation in energy markets, this combined with outages in France nuclear power plants and Norwegian hydro has resulted in the price for electricity increasing significantly. In response, consumers have reduced their demand for electricity, governments in Europe have

With the support of LTIIA, EDHECInfra recently published a new paper “Is Infrastructure Shockproof?” examining the resilience of infrastructure equity investments during market downturns, 2000-2022. We spoke with Vincent Levita, Chairman of LTIIA and CEO of InfraVia Capital Partners, about the paper’s findings and its industry relevance. In the latest research paper “Is Infrastructure Shockproof?”, why was it important for

Well, what an interesting month it has been. The shortest and perhaps most chaotic term of any UK Prime Minister ended abruptly leaves a lot to be said. But it wasn’t how the Liz Truss left office, it’s the events that led to her resignation that is relevant to infrastructure. The announced large unfunded tax cuts in an inflationary environment

In July the FT reported ($) that Calpers suffered losses on both its fixed income and public equity portfolios of almost 15% for the year ending June. Meanwhile, its private asset portfolio provided returns of 20%. Now, as the FT noted, these returns are to May, not June. But there does appear to be a disconnect between the private and public