Michelle Phillips
The panel's recommendations include seeking investments in alternatives and more autonomy for GPIF.
.jpg "Global Investment Forum: Asia banks want infra debt")
Asia’s banks remain highly liquid and focused on home markets, making them fierce competitors for others looking to enter the region’s infrastructure debt markets.
While the biggest opportunity in Asian emerging markets remains greenfield developments, investors are more attracted to the risk-return profile of operating assets.
Large investors are worried by high costs, delegates at Infrastructure Investor’s Hong Kong event heard.
.jpg "RDIF, KIC form $1bn cross-border platform")
The $10bn government-backed fund and the $57bn Korean sovereign wealth fund hope to stimulate cross-border investment and trade between the two countries.
The Singapore-based fund manager has secured $164m of commitments from international investors for Southeast Asia for its final close.
Australia’s A$91.7bn sovereign wealth fund’s allocation to infrastructure surpassed that in relation to private equity and real estate this year.
Though seen as “real assets” investing, successfully investing in infrastructure involves numerous factors beyond the asset itself.
.jpg "Hastings, Harvard define infra by ‘essentiality’")
In a second joint research paper, Harvard University and Hastings Funds Management suggest a tentative definition of the asset class for the $14bn US pension industry.
A surge in worldwide infrastructure trade will be driven primarily by emerging Asia’s infrastructure investment and economic growth.