The language of infrastructure

by Frédéric Blanc-Brude
Abstract:
Pension funds and insurers discovered infrastructure investing, somewhat counter-intuitively, around the same time that they began adopting the principles of factor investing. Thus, the schizophrenic search for an infras- tructure ”asset class” started just as other asset classes were being gradually rejected as unreliable portfolio building blocks.
Reference:
The language of infrastructure (Frédéric Blanc-Brude), In Investment & Pensions Europe – Top 400 Asset Managers supplement, 2015.