Institutional investors worldwide could play a major role in the rebuilding of northeastern Japan as they and Japanese banks investigate how they can help rebuild the crippled infrastructure that resulted from the devastating March 11 earthquake and tsunami.
“Over the last four to five days I’ve had discussions with sovereign wealth funds and government pension funds,” said Michael Underhill, chief investment officer at Capital Innovations, an infrastructure investment firm.
”Ninety-eight percent are not in Japan. They are interested in investing in Japan infrastructure.” Mr. Underhill declined to identify the interested funds.
The amount of investment could be vast. Current estimates put the cost of reconstruction in Japan at $180 billion and growing.
In addition to the pool of money that could be formed by Japanese business groups, there might also be room for institutional investors to form a consortium to assist in the rebuilding effort, investment managers said.
Source: www.pionline.com
“Over the last four to five days I’ve had discussions with sovereign wealth funds and government pension funds,” said Michael Underhill, chief investment officer at Capital Innovations, an infrastructure investment firm.
”Ninety-eight percent are not in Japan. They are interested in investing in Japan infrastructure.” Mr. Underhill declined to identify the interested funds.
The amount of investment could be vast. Current estimates put the cost of reconstruction in Japan at $180 billion and growing.
In addition to the pool of money that could be formed by Japanese business groups, there might also be room for institutional investors to form a consortium to assist in the rebuilding effort, investment managers said.
Source: www.pionline.com
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