Towards efficient benchmarks for infrastructure equity investments

by Frédéric Blanc-Brude
Abstract:

The paper highlights a recent research quandary with respect to infrastructure equity investment which has also been a source of interrogation for final investors: while the economics of underlying infrastructure investment suggests a low and potentially attractive risk profile, the experience of investors and available research evidence have been different and rather mixed.

This paper attempts to explain why this has been the case and what new research and benchmarking efforts are necessary to create investment solutions that realign expectation and observed investment performance as well as to inform the regulatory debate in relation to institutional investing in long-term assets like infrastructure equity.

Publication focus:

Academic finance
mostly
Risk Management
a fair amount
Asset pricing
some
Maths
not much
Stats
not much
part of the EDHEC/Merdiam/Campbell Lutens Research Chair 2013-2016
Reference:
Towards efficient benchmarks for infrastructure equity investments (Frédéric Blanc-Brude), In EDHEC-Risk Institute Publications, EDHEC-Risk Institute, 2013.