Investment managers, consultants and plan sponsors traveled from across the United States, and a few from outside the country, to be in Boston for the third annual Investing in Infrastructure (I3) conference, hosted by Institutional Real Estate, Inc. in association with the Urban Land Institute.
The market turmoil during the past year and the acute decline in public markets more recently has put risk back at the forefront of investors’ decision making. Infrastructure assets, which are expected by most to produce equity-like returns, have held up fairly well compared with other sectors of the public markets, according to Brian Clarke, managing director with Macquarie Capital USA and co-host of the opening day’s first session — Infrastructure Investing 101. In today’s market, investors are suspicious of any investment and for good reason. Clarke says investors considering infrastructure investments need to be “ruthlessly conse