Institutional Investing in Infrastructure
Spring 2009 Vol. 2 No. 1Buy For $175.00 Add to Cart
Follow the Leader: CalPERS Launches Infrastructure Mandate, Other Investors Weight their Options
Although a number of pension funds have made allocations to infrastructure through dedicated programs or through real estate mandates, many others have not. The California Public Employees’ Retirement System has been a leader, making infrastructure commitments through a new inflation-linked assets program. The question remains, however, whether more plans will follow and if so, how long might it be before plan sponsor capital targeting the asset class reaches critical mass.
Chicago: The Epicenter of Infrastructure Investments
When one thinks of infrastructure investing, Chicago is not often the next thought. However, recent actions by the city have brought the infrastructure investing spotlight to the Midwest, and not just due to the magnitude of these cumulative public to private transactions.
Indices Reflect Declining Market: Infrastructure Assets Have Not Escaped Market Pain
All 15 of the newly launched Dow Jones Brookfield Infrastructure Indices declined in fourth quarter 2008, with the Ports Infrastructure index (–41.50 percent) experiencing the largest drop, followed by Diversified Infrastructure (–39.30 percent) and Asia-Pacific Infrastructure (–24.91 percent).