Pension Fund Investment in Infrastructure A Comparison Between Australia and Canada

Australian and Canadian pension funds have been pioneers in infrastructure investing since the early 1990s. They also have the highest asset allocation to infrastructure around the globe today. This paper compares and contrasts the experience of institutional investors in the two countries looking a...

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Bibliographic Details
Main Author: Inderst, Georg
Other Authors: Della Croce, Raffaele
Format: eBook
Language:English
Published: Paris OECD Publishing 2013
Series:OECD Working Papers on Finance, Insurance and Private Pensions
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
Description
Summary:Australian and Canadian pension funds have been pioneers in infrastructure investing since the early 1990s. They also have the highest asset allocation to infrastructure around the globe today. This paper 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 governance of pension funds. The 'Canadian model' and the '(new) Australian model' of infrastructure pose a challenge to the 'private equity model', dominant in Europe and the USA. Important lessons can be learnt by both policy makers and investors
Physical Description:53 p. 21 x 29.7cm