(Wednesday) 9:00 am - 12:30 pm(GMT+00:00)View in my time
Event Details
This masterclass will be presented by EDHECinfra‘s own Frédéric Blanc-Brude (Director) and Majid Hasan (Head of Asset Pricing) and will be on infrastructure equity investments.
On the
Event Details
This masterclass will be presented by EDHECinfra‘s own Frédéric Blanc-Brude (Director) and Majid Hasan (Head of Asset Pricing) and will be on infrastructure equity investments.
On the agenda:
Advanced techniques for asset owners and managers
First session: finding infrastructure…
Estimating the potential of a new ’asset class’ using mean-variance spanning- Testing the empirical relevance of listed infrastructure proxies with respect to private infrastructure equity investments
Comparing like-for-like firms in different sectors using propensity score matching- Testing the difference between the cash flow characteristics of infrastructure and non-infrastructure firms
Discuss what defines infrastructure as a unique ’asset class’
Second session: measuring performance!
Pitfalls and limitations of current approaches to measuring the performance of private very illiquid equity investments- Illustration using a (real) plain vanilla PFI project
Robust approach to estimating discount factors in private investments paying variable cash flows- Application to the same project
Discuss the evolution of reporting and performance measurement in the infrastructure investment sector
Sponsored by:
speaker(s)
Frédéric Blanc-Brude, Director, EDHEC Asia Pacific & EDHEC infrastructure Institute, Majid Hasan, Head of Asset Pricing, EDHEC infrastructure Institute