In this article, Tim Whittaker, Research Director at EDHEC Infrastructure and Private Assets Research Institute, argues that the losses at Thames Water highlight the complexity of managing infrastructure assets and that a comparative view of infrastructure investments, rather than an isolated one, could have revealed significant risks and helped investors to make better-informed decisions.

““For a large water utility to lose so much value so fast, the investment must in fact have been mispriced for several years leading up to the impairment,” writes Whittaker in an EDHEC paper “Low Tide” co-authored with Frédéric Blanc-Brude and Abhishek Gupta.”

Read the full article here.

The article was reprinted in the UK Times.