The risk of infrastructure investments is driven by unique factors that cannot be well described by standard asset … class factor models. We thus create a nine-factor model based on infrastructure-specific risk exposure, i.e., market risk …, size, value, momentum, cashflow volatility, leverage, investment growth, term risk, and default risk. We empirically test …

By using money management, an investor may determine the optimal leverage factor to apply on each trade, for maximizing …