From cashflows to portfolios

This masterclass proposes a pragmatic view of how to invest in infrastructure and make better-informed investment decisions. The topics covered include:

  • The nature and risks of infrastructure cash flows
  • The evolution of the price of risk, investment selection and robust fund benchmarking 
  • Strategic asset allocation and the role of infrastructure in cashflow driven strategies

This masterclass is presented by Frederic Blanc-Brude, Tim Whittaker, Jack Lee and Abhishek Gupta of EDHECinfra and Prof. Lionel Martellini, director of EDHEC-Risk Institute.


infraMEtrics investement MasterclAss


From cashflows to portfolios, watch the introduction

Welcome to this Masterclass

This masterclass is designed for investors: it focuses on three topics: cashflows, risk premia and the role of infrastructure in the portfolio. Presented by Dr Frederic Blanc-Brude, Director, EDHECinfra

INFRAMETRICS investement MasterclAss

Part 1: The nature of infrastructure cashflows

What is the evidence that infrastructure companies pay large, low-risk cash flows?

Part 1 A: A taxonomy of infrastructure investments

Define your terms and organise your thoughts (and data) on infrastructure investment. Presented by Dr Frederic Blanc-Brude

Part 1 B: The nature of infrastructure cashflows

Are infrastructure companies cash cows that pay stable, inflation linked dividends? Presented by Dr Tim Whittaker, Head of Data, EDHECinfra

Part 1 C: The risks of infrastructure cashflows

Like other financial assets, infrastructure investments can create up tp 100% losses. How risky are these cashflows? Presented by Jack Lee, Deputy Head of Data, EDHECinfra 

infraMEtrics investement MasterclAss

Part 2: Investment selection and performance measurement

What is the risk premia of uncertain infrastructure cash flows and how does it relate to systematic market factors?

Part 2 A: Asset pricing for infrastructure 

Systematic risk factors explain the market value of unlisted infrastructure equity investments. Presented by Abhishek Gupta, Head of Product Development, EDHECinfra

Part 2 B: The unlisted infrastructure equity risk premia, investment selection and regulation 

The infrastructure risk premia since 2000  and how to select and regulate infrastructure investments. Presented by Frederic Blanc-Brude

Part 2 C: Robust measures of fund performance 

With sparse contributed data, quartile rankings are like a lottery. No more thanks to a robust approach to measuring fund rankings. Presented by Abhishek Gupta

infraMEtrics investement MasterclAss

Part 3: Infrastructure in the portfolio

What is the role of infrastructure in the total portfolio? How much infrastructure should the typical investor hold? How can hold-to-maturity cash flow driven strategies be implemented while measuring and managing risk?

Part 3 A: Infrastructure in the portfolio

From 'asset-only' management to asset-liability management, cash-flow driven investment and liability-driven investment, what can be the role of infrastructure? Presented by Prof. Lionel Martellini, Director EDHEC-Risk Institute.

Part 3 B: Applications, from strategic asset allocation to cashflow matching

Strategic asset allocation and cash flow matching with unlisted infrastructure equity and debt. Presented by Dr Frederic Blanc-Brude

infraMEtrics investement MasterclAss


The infraMetrics® solution to data and analytics for infrastructure investors

This masterclass was recorded on October 7th 2021

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The infraMetrics® solution

EDHECinfra has created a new platform called infraMetrics. to support investment decisions in unlisted infrastructure. Presented by Dr Frederic Blanc-Brude, Director, EDHECinfra