To find value in a competitive infrastructure market filled with dry powder, plan sponsors can look beyond equity and senior debt, focusing instead on junior infrastructure debt, according to Claire Smith, alternatives director at Schroders. “Canadian pension funds are no stranger to infrastructure equity investment, but we’ve seen valuations in this market getting higher,” she […]
In the first quarter of 2019, RisCura will be launching what it calls Africa’s first infrastructure performance index in partnership with Africa Investor Capital. The infrastructure index will be pan-African, including North Africa, and will cover various sectors including power, transport, renewable energy and social infrastructure, says Hubert Danso, chief executive officer and chairman at Africa […]
While no one can know for certain if inflation is coming bank, David Zanutto, senior investment consultant at Mercer, says that the risks of inflation moving higher have increased. He points particularly to low levels of unemployment, which could translate to wage growth and higher inflation. Other factors that could lead to higher inflation include […]
Faced with technological disruption, plan sponsors may benefit from taking a shorter-term approach to infrastructure investing and focusing on multiple, smaller-scale projects, says Andrew Claerhout, senior advisor at the Boston Consulting Group Inc. Infrastructure projects of the past were often large, essential service-related assets linked to government. But with the rise of technology and tightening government […]
Faced with technological disruption, plan sponsors may benefit from taking a shorter-term approach to infrastructure investing and focusing on multiple, smaller-scale projects, says Andrew Claerhout, senior advisor at the Boston Consulting Group Inc. Infrastructure projects of the past were often large, essential service-related assets linked to government. But with the rise of technology and tightening government […]
While many investors expect the U.S. bull market to end in 2019, some institutional investors are planning changes to their allocation strategy or return assumptions, according to a new survey by Natixis Investment Managers. The survey found about two-thirds of institutional investors expect the U.S. bull market to end in 2019, while 70 per cent […]
The Ontario Municipal Employees Retirement System’s infrastructure arm, along with Allianz Capital Partners and Axa Investment Manager’s real assets service, is taking on a 49.9 per cent stake in SFR FTTH, a French fibre optic infrastructure company. The newly incorporated company, formed by Altice France, currently services one million homes, and that’s set to grow to […]
The Caisse de dépôt et placement du Québec, along with the Republic of Colombia and infrastructure financier Financiera de Desarrollo Nacional, is launching an infrastructure co-investment platform. “We are very pleased to invest in Colombia with the private capital fund created by the FDN and pension fund administrators,” said Michael Sabia, president and chief executive officer of the […]
As climate change restructures the Canadian Arctic year by year, institutional investors should be paying attention to this all but undeveloped economy, according to one expert. “For those that live there, the dominant narrative is about how climate change is remaking the Arctic from a frozen periphery to an area of immense geographic and economic […]
Increasing exposure to less liquid, alternative assets like infrastructure, real estate and private equity hasn’t created difficulty for Canadian pensions in repaying creditors, according to a report by Moody’s Corp. As pension portfolios have increased their allocations to alternatives, with these assets now making up close to 40 per cent of Canadian plan’s investments, concerns around liquidity […]