.@cppib A patient investor with a long horizon: Expected Average Hold for #infrastructure assets (utilities, transport, energy, of which ~77% r in North America, & rest in Latin America) - is 20y+; & even for #PrivateEquity for > 5y; compared to industry avg < 3y! (2016 Ann Rep) pic.twitter.com/uDgH6yPCby— Satyen Baindur (@Satyen_Baindur) February 17, 2018
Interestingly, ‘long-term orientation’ is also a national cultural variable that correlates well w/ good #SovereignWealthFund governance. Aggarwal & Goodell (2017) @ClevelandFed @uakron develop & confirm six hypotheses on SWF good governance; also finding them consistent... pic.twitter.com/YF7FOn8ypt— Satyen Baindur (@Satyen_Baindur) February 18, 2018
…w/ a governance ranking developed by Bagnall & Truman @piie using a survey ?aire (4m which #Top10 shown above) #China’s avg national SWF governance score of 67 placed it 17th among 33 countries (& 49 funds) ranked. #Canada’s indicators r averaged over 4 funds (not just @cppib).— Satyen Baindur (@Satyen_Baindur) February 18, 2018
