Hastings Fund Management

Hedge Funds

Infrastructure valuation is not just about price to earnings

Infrastructure valuations should have greater focus than just multiples of earnings to price, a panel agreed at the Fiducary Investors’ Symposium. Headlines focus on multiples, based largely on the Capital Asset Pricing Model (CAPM), but this can be misleading and a greater focus should be put on cash flow and management, agreed Colin Atkin, executive […]