Professor Ingo Walter's joint research on bridging public pension funds and infrastructure investing is featured
— July 17, 2019
Excerpt from Reason Foundation -- "The authors analyzed asset allocation and return data for the nation’s 25 largest pension funds over a 10-year period. They found no correlation between allocations to infrastructure (and other alternative investments) and net investment returns. They hypothesize that higher expenses for these exotic investments offset their higher gross returns, but cannot verify this contention due to inadequate and inconsistent expense data reported by the funds."