A cautionary tale: pension funds and the infrastructure bandwagon (April 2015)

Rethinking Bretton Woods | Wed, Apr 1, 2015



Infrastructure finance has risen to the top of the international financial policy agenda. Within the new infrastructure finance agenda emerging in such forums, the $85 trillion that institutional investors, and in particular pension funds, are estimated to hold in savings, are seen as playing a starring role.

Pension fund investments in infrastructure are not in principle a bad idea. But asset owners would do well to ask a few questions before jumping in, says Aldo Caliari in a blog commissioned by ToUChstone (the blog of the UK Trade Union Confederation).