Is capital undervalued and equity a ‘stranded asset’?

Adam Smith reckoned that division of labour in a pin factory boosted productivity 4,800-fold: in manufacturing, division of labour led to a collapse in the cost of labour. Similarly, diversity in the intermediation of capital in equity markets – between high and low-frequency traders and investors with various time horizons – should reduce the cost of capital.

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access-denied-testimonial

IPE editorial provides coverage of foreign pension funds’ experiences from which we can take ideas; we can also use it to share ideas regarding new and pioneering projects.

Ivonne Forno , CEO of Laborfonds