Michael Katz highlights the Response in which EDHEC Infrastructure and Private Assets Research Institute warns that defined benefit pension plans in the UK should be cautious about investing in infrastructure due to insufficient data and the risk of breaching fiduciary duties. While infrastructure offers appealing qualities, the lack of reliable information and reliance on contributed appraisal data pose significant challenges. The report recommends the adoption of robust infrastructure valuation practices and regulatory oversight to ensure wise investments in this asset class.

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