Top1000funds: Thames Water – A lesson in infrastructure valuations

In this article, Noël Amenc, Associate Professor at EDHEC Business School, discusses the financial difficulties faced by Thames Water, a major water utility company, and explores the reasons behind the significant loss in value that was recognized at the end … Read more

Responsible Investor: ESG Investor “EOPIA Warned on Climate Risks to Infrastructure Investment”

Fiona McNally highlights the issues addressed by EDHEC’s Infrastructure and Private Assets Research Institute in the Open Letter to European Insurance and Occupational Pensions Authority (EIOPA) chair, Petra Hielkema. The letter calls for the reinforcement of the integration of climate risk … Read more

Bloomberg: Funds Hoarding Alternative Assets Face ‘Very High’ ESG Risk

Portfolios risk seeing 50% NAV loss in worst-case scenario. EIOPA has already taken some steps to address climate risk. Frances Schwartzkopff highlights the important points raised by Noël Amenc, a professor at the EDHEC Business School, and Frederic Blanc-Brude, director of the EDHEC … Read more

The Times: Thames Water hit by writedown from biggest shareholder

Thames Water’s biggest shareholder has cut the valuation of its stake by almost 30 per cent, raising fresh questions over future investment in Britain’s biggest water company. A Singapore-based vehicle of the Ontario Municipal Employees Retirement System, which owns 31.8 … Read more

The Guardian: Thames Water’s biggest investor has cut value of stake by nearly 30%

Debt-laden company has faced questions over financial stability and ability to raise funds. The biggest investor in Thames Water has cut the value of its stake in the debt-laden utility company, which has faced questions over its financial stability and … Read more

Financial Times: Thames Water’s biggest investor cut value of its stake by 28%, July 2023.

Thames Water’s biggest investor slashed the value of its stake last year, raising questions about how easy it will be for the indebted UK utility to persuade shareholders to inject much needed equity.  The Ontario Municipal Employees Retirement System, one … Read more

IPE Real Assets: Guest view: Why infrastructure needs climate benchmarks

Christopher Walker and Darwin Marcelo discuss the necessity of climate benchmarks among infrastructure investors. Darwin Marcelo, project director for the green infrastructure team in EDHEC Infra & Private Assets Research Institute, said that the primary objective of their recent work is … Read more

Asia Asset Management: Singapore firm wins Japan’s GPIF mandate to assess private infrastructure portfolio

Singapore research firm EDHEC Infrastructure and Private Assets (EDHECinfra) has won a mandate from Japan’s Government Pension Investment Fund (GPIF) to analyse the fair value of the pension giant’s unlisted infrastructure equity portfolio. The infrastructure and private debt research firm … Read more

IJ Global: Japan’s GPIF, EDHECinfra ink commercial agreement

Japan’s Government Pension Investment Fund (GPIF) has appointed EDHEC Infrastructure and Private Assets (EDHECinfra) to evaluate the fair value of its infrastructure portfolio. EDHECinfra, a venture of EDHEC Business School, said its role is to analyse the fair value of … Read more

IPE Real Assets: Japan’s GPIF hires EDHECinfra to assess fair value of infrastructure portfolio

In this article, Razak Musah Baba highlights the recent commercial agreement between Japan’s ¥191trn (€1.22trn) Government Pension Investment Fund (GPIF) and EDHEC Infrastructure and Private Assets (EDHECinfra). It is outlined in the article that the fair value of private assets … Read more