University Dinner: Infrastructure Equity – Outlook in a Rising Rate Environment

Topical as it is, should infrastructure play a part in investment portfolios, considering the risk of rising rates? If so, should the exposure be in public or private markets or both?

The value of a typical infrastructure asset, or any long-dated asset, is determined by just two factors:

The cashflow forecast to be generated by the asset.
The risks associated with those cash flows actually materialising.

A common misconception is that a listed infrastructure investment is more risky than an identical unlisted investment because of the inherent volatility in listed’s daily pricing. This view is disingenuous, as it confuses volatility in pricing with the volatility in cashflow.

Over Dinner, Richard Elmslie, Co-Founder of RARE, will examine how rising rates will affect the cash flows of utilities and infrastructure assets and what is the outlook for the public and private market infrastructure environment.

This is an exclusive event for trustees, and is eligible for CPD credits.

Speakers

Richard Elmslie
Richard Elmslie is a founder, Co-Chief Executive Officer and Co-Chief Investment Officer of RARE Infrastructure. As a Senior Portfolio Manager, Richard is involved in assessing and critiquing research on all strategies and ensuring the smooth operation of the firm. Prior to founding RARE in 2006, Richard spent 19 years in the global infrastructure sector, including five years as Head of Power and Joint Head of Infrastructure at UBS Investment Bank. Highlights of Richard’s career include being part of the advisory team on the privatisation of the UK / Scottish and New Zealand Telecom, as well as team leader on the privatisation of major Australian airports in Sydney, Melbourne and Brisbane. Richard holds a Bachelor of Commerce from the University of New South Wales, is a member of the Institute of Chartered Accountants and is a Fellow of FINSIA.

Program

6:30 PM Arrival

Welcome Drinks Reception
7:30 PM Rare Infrastructure Dinner

Infrastructure Equity – Outlook in a Rising Rate Environment
9:00 PM End

University Dinner: Infrastructure Equity – Outlook in a Rising Rate Environment

Speakers

Program

6:30 PM Arrival

7:30 PM Rare Infrastructure Dinner

9:00 PM End