In a new position paper entitled Infrastructure investors should abandon absolute return benchmarks, EDHECinfra argues there is no reason for investors in unlisted infrastructure to continue using absolute return or ‘cash plus’ benchmarks. It calls for investors to abandon them and adopt market-relative benchmarks based on fair value and representative data.

Frederic Blanc-Brude, director at EDHECinfra and Noel Amenc, professor of finance at EDHEC Business School, detail the findings of the report.

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