Informationen zum Autor RAJEEV J. SAWANT is a Research Fellow at the Center for Emerging Market Enterprises at the Fletcher School, Tufts University. Prior to this, heconsulted for JSA Partners (an A.T. Kearney spin-off) in international strategic alliances in aerospace and defense. Sawant is a member of the Academy ofManagement and the Financial Management Association, is an Inlaks Shivdasani Foundation scholar, and has served as Aide de Camp to the President of India. He holds a PhD inbusiness strategy and international management. Klappentext "Over the next decade, North America, Europe, and the developing world will experience an unprecedented surge of investment in infrastructure. The promise for investors is great; the risks are similarly huge. In his Infrastructure Investing: Managing Risks and Rewards for Pensions, Insurance Companies, and Endowments , Rajeev Sawant has given us a road map to investing in infrastructure. His analysis and writing is crisp, clear, and politically and economically sophisticated. Rajeev's book is must reading for smart investors."-Frank G. Wisner, International Affairs Advisor, Patton Boggs, LLP, Vice Chairman External Affairs AIG, U.S. Ambassador to India "Rajeev Sawant's Infrastructure Investing is at the intersection of two of the most daunting challenges of the first half of the twenty-first century: the surge of infrastructure investing necessary to sustain population growth and to improve living standards, and finding long-tenor assets for pension funds and insurance companies on behalf of an aging population with ever longer life expectancies. By unlocking the alchemy of project finance, Sawant uniquely establishes infrastructure investing as an asset class. A must-read for all asset managers and any serious student of global investing."-Laurent L. Jacque, Walter B. Wriston Professor of International Finance & Banking, Fletcher School, Tufts University Zusammenfassung Invaluable information regarding one of the biggest worldwide growth areas in investing-infrastructure assetsInfrastructure investing is about to explode on the worldwide scene. The fact is that real money will need to be spent on real projects-which will present real opportunities for stable, long-term returns. But infrastructure assets have unique characteristics and the investments and funds that will likely rise up must be suitably structured to serve investor needs.Author Rajeev Sawant has been analyzing infrastructure investments, funds, and project financing programs for nearly five years, and with this book, he presents information that will be invaluable to lenders, pension funds, insurance companies, investment funds, rating agencies, and even governments.* Presents comprehensive data analysis on infrastructure cases worldwide* Analyzes the opportunities as well as the pitfalls of infrastructure investing* Focuses on the needs of pensions, insurance companies, and endowments interested in infrastructure investingFor the next decade, worldwide economic growth and increased employment-as well as investment returns-will come from infrastructure projects. This book will help you understand today's dynamic infrastructure asset class and quickly get you up to speed on the unique risks and rewards associated with it. Inhaltsverzeichnis Preface xi Acknowledgments xvii Chapter 1 Infrastructure Demand and Investment Funds 1 An Overview of Infrastructure Demand 2 Availability of Funds 19 Conclusion 26 Chapter 2 Infrastructure Asset Characteristics 27 Defining Asset Classes 28 Portfolio Perspective on Asset Classification 29 Large Up-front Investments 32 Strong Cash Flows 34 Stable Cash Flows 36 Long Life 38 Irreversible Investments 38 Location Specificity 39 Growth Options 39 Value under Default 44 Conc...

Autorentext

RAJEEV J. SAWANT is a Research Fellow at the Center for Emerging Market Enterprises at the Fletcher School, Tufts University. Prior to this, heconsulted for JSA Partners (an A.T. Kearney spin-off) in international strategic alliances in aerospace and defense. Sawant is a member of the Academy ofManagement and the Financial Management Association, is an Inlaks Shivdasani Foundation scholar, and has served as Aide de Camp to the President of India. He holds a PhD inbusiness strategy and international management.

Klappentext

"Over the next decade, North America, Europe, and the developing world will experience an unprecedented surge of investment in infrastructure. The promise for investors is great; the risks are similarly huge. In his Infrastructure Investing: Managing Risks and Rewards for Pensions, Insurance Companies, and Endowments, Rajeev Sawant has given us a road map to investing in infrastructure. His analysis and writing is crisp, clear, and politically and economically sophisticated. Rajeev's book is must reading for smart investors."-Frank G. Wisner, International Affairs Advisor, Patton Boggs, LLP, Vice Chairman External Affairs AIG, U.S. Ambassador to India "Rajeev Sawant's Infrastructure Investing is at the intersection of two of the most daunting challenges of the first half of the twenty-first century: the surge of infrastructure investing necessary to sustain population growth and to improve living standards, and finding long-tenor assets for pension funds and insurance companies on behalf of an aging population with ever longer life expectancies. By unlocking the alchemy of project finance, Sawant uniquely establishes infrastructure investing as an asset class. A must-read for all asset managers and any serious student of global investing."-Laurent L. Jacque, Walter B. Wriston Professor of International Finance & Banking, Fletcher School, Tufts University

Zusammenfassung
Invaluable information regarding one of the biggest worldwide growth areas in investing-infrastructure assets Infrastructure investing is about to explode on the worldwide scene. The fact is that real money will need to be spent on real projects-which will present real opportunities for stable, long-term returns. But infrastructure assets have unique characteristics and the investments and funds that will likely rise up must be suitably structured to serve investor needs. Author Rajeev Sawant has been analyzing infrastructure investments, funds, and project financing programs for nearly five years, and with this book, he presents information that will be invaluable to lenders, pension funds, insurance companies, investment funds, rating agencies, and even governments. * Presents comprehensive data analysis on infrastructure cases worldwide * Analyzes the opportunities as well as the pitfalls of infrastructure investing * Focuses on the needs of pensions, insurance companies, and endowments interested in infrastructure investing For the next decade, worldwide economic growth and increased employment-as well as investment returns-will come from infrastructure projects. This book will help you understand today's dynamic infrastructure asset class and quickly get you up to speed on the unique risks and rewards associated with it.

Inhalt

Preface xi

Acknowledgments xvii

Chapter 1 Infrastructure Demand and Investment Funds 1

An Overview of Infrastructure Demand 2

Availability of Funds 19

Conclusion 26

Chapter 2 Infrastructure Asset Characteristics 27

Defining Asset Classes 28

Portfolio Perspective on Asset Classification 29

Large Up-front Investments 32

Strong Cash Flows 34

Stable Cash Flows 36

Long Life 38

Irreversible Investments 38

Location Specificity 39

Growth Options 39

Value under Default 44

Conclusion 47

Chapter 3 Equity Infrastructure Indexes 49

Infrastructure Investment Options 49

Equity Infrastructure Indexes 51

Macquarie Global Infrastructure Index 54

S&P Global Infrastructure Index 58

CSFB Emerging Markets Infrastructure Index 59

Infrastructure Equity Indexes Correlations 63

Efficient Frontier 65

Conclusion 69

**Ch…