The Volatility of Unlisted Infrastructure Investments
The volatility of infrastructure equity investments is the risk which investors take to receive a reward for holding such assets. A robust measure of this risk and its drivers is an essential part of the inclusion of infrastructure investments in the portfolio, from strategic asset allocation to risk management and reporting, to manager compensation.
In this paper, EDHECinfra examines the drivers of the volatility of unlisted infrastructure equity investments and the reasons why the market prices of such investment can and do vary over time.
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