Insights

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

Featured image for “No financial pain or gain for ESG management and reporting”

No financial pain or gain for ESG management and reporting

Mar. 18, 2019
New EDHECinfra research finds there is no financial penalty or gain (based on Return on Assets) for infrastructure firms to implement ESG management and reporting.A new paper drawn from the EDHECinfra/LTIIA Research Chair shows that Environmental, Social and Governance (ESG) scores are not negatively or positively correlated with the financial performance of unlisted infrastructure firms.
Featured image for “ESG Reporting and Financial Performance: The Case of Infrastructure”

ESG Reporting and Financial Performance: The Case of Infrastructure

Mar. 11, 2019
This paper represents the first attempt at studying the relationship between the ESG and financial characteristics of infrastructure companies. Indeed, data on ESG reporting is available and there is ground in the academic literature for arguing that the tendency to report ESG practices is related to actual sustainable outcomes.
Featured image for “Infrastructure prices don’t show a bubble”

Infrastructure prices don’t show a bubble

Mar. 01, 2019
This blog was initially published in top1000funds.com. No asset is an island… Infrastructure equity prices do not exist in a vacuum. Analysing hundreds of transactions over the last 15 years, we found that they are driven by systematic risk factors, which can be found across asset classes. In other words, markets did process information rationally and average prices did reflect
Featured image for “New EDHECinfra study shows that ‘peak infra’ may be behind us”

New EDHECinfra study shows that ‘peak infra’ may be behind us

Jan. 30, 2019
New EDHECinfra research documents the factors behind the evolution of unlisted infrastructure prices over past 15 years. Common risk factors found in numerous asset classes explain the evolution of unlisted infrastructure secondary market prices. That’s the finding of a new paper drawn from the EDHECinfra /LTIIA Research Chair. Interestingly, the paper also shows that that, after a long period of
Featured image for “Which Factors Explain Unlisted Infrastructure Asset Prices? Evidence from 15 years of secondary market transaction data”

Which Factors Explain Unlisted Infrastructure Asset Prices? Evidence from 15 years of secondary market transaction data

Jan. 08, 2019
This paper drawn from the EDHECinfra /LTIIA Research Chair shows that common risk factors found in numerous asset classes explain the evolution of unlisted infrastructure secondary market prices. It also shows that after a long period of prices increases, “peak infra” may already be behind us.

Infrastructure: Calling time on borrowed definitions

Dec. 12, 2018
This blog was originally published in IP&E Real Assets. It’s time to stop saying apples are just round pears Infrastructure as an asset class has evolved over the past decade at a speed that has brought its own challenges. One of those is taxonomy. As it has expanded and grown in popularity, it has borrowed classifications and definitions from private