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Pension Fund Investment in Infrastructure: Lessons from Australia and Canada

10 Pages Posted: 12 Jun 2014  

Georg Inderst

Inderst Advisory

Date Written: May 23, 2014

Abstract

Australian and Canadian pension funds have been pioneers in infrastructure investing since the early 1990s. They also currently have the world’s highest asset allocation to infrastructure. The article compares and contrasts the experience of institutional investors in the two countries, looking at factors such as infrastructure policies, the pension system, investment strategies, and the governance of pension funds. The respective organizational models of infrastructure investing in the two countries pose a challenge to the traditional “private equity model” that still dominates in Europe and the United States. The Australian and Canadian experiences offer important lessons for both policy makers and investors.

Keywords: Alternative Investments, Asset Allocation, Infrastructure Investment, Infrastructure Policy, Pension Fund

Suggested Citation

Inderst, Georg, Pension Fund Investment in Infrastructure: Lessons from Australia and Canada (May 23, 2014). Rotman International Journal of Pension Management, Vol. 7, No. 1, 2014. Available at SSRN: https://ssrn.com/abstract=2449777

Georg Inderst (Contact Author)

Inderst Advisory ( email )

4 Evangelist Road
GB London, NW5 1UB
United Kingdom

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