LTIIA Infrastructure Investment Masterclass 2016

2016wed19oct9:00 amwed12:30 pm9:00 am - 12:30 pm(GMT+00:00) View in my timeFrankfurt Stock Exchange, Börsenplatz 4, 60313 Frankfurt am Main, GermanyLTIIA Infrastructure Investment Masterclass 2016Advanced techniques for asset owners and managers

Time

(Wednesday) 9:00 am - 12:30 pm(GMT+00:00) View in my time

Location

Frankfurt Stock Exchange

Börsenplatz 4, 60313 Frankfurt am Main, Germany

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

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