|
Laxman Pai, Opalesque Asia: North American pensions funds have the highest risk-adjusted returns in 2021 and are the top-ranked peer group of asset owners, such as pension funds and sovereign wealth funds.
According to an analysis by EDHECinfra and Boston Consulting Group (BCG), other peer groups took more risk to achieve lower average returns, while Canadian investors are very close to the all-investor average.
The new report, "Infrastructure Strategy 2022: A Pivot to the Digital Frontier," said that at the bottom of the risk-adjusted rankings, EU and UK pension funds take less risk but also achieve comparatively lower returns.
As Frederic Blanc-Brude, director of EDHECinfra and a co-author of the report, explains, "certain investors have gained exposure to different segments of the infrastructure universe over time and each segment has performed differently."
Although one-third of the surveyed investors have expressed that they want to decrease their exposure to conventional power generation, the main beneficiary of the 2021 recovery, after transport, was gas and conventional power generation-especially since wind levels were lower than usual.
Those peer groups that stayed more exposed to these sectors benefited, while peer groups that have already mostly divested conventional power generation from their portfolios did not.
While operational value creation has always been a paradigm for value-add infrastructure investors, 90% of Core and Co...................... To view our full article Click here
|
RSS
