This paper deals with pension fund investment in urban infrastructure projects. It is suggested that the potential returns (and risks) with such projects are significantly greater than comparable fixed-income products though they have long gestation periods like gilt-edged securities. Our...

This paper deals with pension fund investment in urban infrastructure projects . It is suggested that the potential returns (and risks) with such projects are significantly greater than comparable fixed-income products though they have long gestation periods like gilt-edged securities. Our...

Pension funds are at the center of a vast, and expanding, financial services industry. Notwithstanding their significance for global and local capital markets, there are few studies of investment management firms? structure and organization particularly with respect to the production of their...

This paper deals with pension fund investment in urban infrastructure projects. It is suggested that the potential returns (and risks) with such projects are significantly greater than fixed income products though they have long gestation periods like gilt-edge securities. Our argument begins...