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

Location

Frankfurt Stock Exchange

Börsenplatz 4, 60313 Frankfurt am Main, Germany

Time

(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 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

with the support of

LTIIA

Organizer