Are infrastructure fund managers adequately measuring covid's impact on their portfolios?

Open-ended funds are dependent on external valuations, including manager performance fees, and listed infrastructure is valued in real time. We look at whether closed-end funds are rolling valuations forward and adequately testing them against external benchmarks.

Day 1

Agenda

Day 1 - Wednesday 24th

Valuations Deep Dive
10:00 - 10:05

Welcome from Infrastructure Investor and an overview of the Global Passport schedule

10:05 - 10:30

Speed Networking

Get to know your fellow Passport holders via our quickfire 4-minute speed networking sessions. Participate in a series of randomly generated meetings to help you meet your peers. Follow up afterwards via the Passport directory to continue the conversation.

10:30 - 11:10

Has the market accurately assessed valuations through the pandemic?

Adam Smallman, Serkan Bahçeci, Annette Bannister, Frederic Blanc-Brude, Colin Simpson

Panel Session

  • Fair value, cash flows and risk premia: The impact of Covid on each component and what it means for asset performance.
  • Long-term cash flows and present value: can investors ignore short term fluctuations in valuations in illiquid assets?
  • Is infrastructure expensive now? Should it be?

 

Moderator: Adam Smallman, Director – Membership Programs, PEI Media Group

Adam Smallman, PEI

Adam Smallman

Director – Membership Programs, PEI Media Group

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A speaker photo for Serkan Bahçeci

Serkan Bahçeci

Partner and Head of Research, Arjun Infrastructure Partners

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Annette Bannister, MetLife

Annette Bannister

Head of European Infrastructure, MetLife Investment Management

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A speaker photo for Frederic Blanc-Brude

Frederic Blanc-Brude

Director, EDHECinfra & CEO, Scientific Infra

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Colin Simpson, LPPI

Colin Simpson

Head of Asset Management, LPPI

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11:10 - 11:40

Meet the speakers Q&A and networking

Discuss the topic with the speakers and put your questions to them face-to-face

11:40 - 11:40

Close of Deep Dive

Deep Dive speakers:

Serkan Bahçeci

Partner and Head of Research, Arjun Infrastructure Partners

Partner and Head of Research at Arjun Infrastructure Partners. Previously, (i) Head of Research at J.P. Morgan Asset Management’s Infrastructure Investment Group; (ii) Consultant and Chief Economist for London Economics International LLC in Boston; (… Read full bio
Annette Bannister, MetLife

Annette Bannister

Head of European Infrastructure, MetLife Investment Management

Annette Bannister is a Director and Head of European Infrastructure for MetLife Investments and is responsible for the origination and execution of new transactions, as well as the ongoing management of existing investments. Annette joined MetLife in… Read full bio

Frederic Blanc-Brude

Director, EDHECinfra & CEO, Scientific Infra

Frederic Blanc-Brude is the Director of EDHECinfra, an index, analytics and research provider specialised in the provision of unlisted infrastructure equity and debt market indices and custom benchmarks. Before joining EDHEC in 2011, he spent 10 year… Read full bio
Colin Simpson, LPPI

Colin Simpson

Head of Asset Management, LPPI

Colin is Head of Asset Management at Local Pensions Partnership and is part of the team responsible for origination, execution and management of LPP’s infrastructure investments. His role includes GLIL, a £1.8bn collaboration between institutions in… Read full bio
Adam Smallman, PEI

Adam Smallman

Director – Membership Programs, PEI Media Group

Adam joined PEI in December 2018 in a new role as Head of Content Strategy. Previously he spent three years with investment bank Liberum and held leading editorial and content roles at Dow Jones and Informa PLC. His responsibility is to ensure PEI’s… Read full bio