Contractual rigidity, value-for-money questions and bad risk allocation all threaten to sink the model. Major intervention will be needed to bring it back to health.
Aviva’s head of infrastructure debt Darryl Murphy assesses the current state of the market.
The firm has been organising itself to take advantage of increased opportunity in the asset class, according to co-chief executive David Layton.
The strong returns were slightly offset by a fall in the fourth quarter, as interest rates began to rise.
Investors are also demanding better reporting from managers if they are to proceed with their ESG targets.
Mainstream recognition of these practices ended up highlighting the difficulties the industry faces in measuring and adhering to them.
Investors seem concerned about an increasingly uncertain world, but capital keeps on pushing into new markets.
Digital infra has certainly moved into the mainstream. But with technology advancing at lightning speed, a growing number of investors are quickly recognising its wider potential.
Firms are showing that capitalising on bad trade news today could lead to valuable dividends in the future.
Monopoly ownership came under fire for perceived abuses of power, especially in Australia and the UK.
The pressure is mounting on private capital to demonstrate it is a good steward of the assets it operates.
Segmentation within the infrastructure asset class didn’t emerge in 2019 but it did take on new forms, one being specialist funds.
Long derided as a soft touch, regulators have flexed their muscles in 2019, giving investors cause for concern.
Fund continuations have so far taken shape through entire portfolio rollovers. But does the future lie in single-asset funds?
From resilience-focused strategies to portfolio emissions-reduction targets, 2019 was the year the industry took a more holistic approach to climate change.