Private ports, airports, water and energy systems, luxury apartments, shopping malls, real estate and care homes. Union pension funds in Canada make money from seeking rent.
With 90% of investment funds being 10 year closed end the argument of ‘steady income’ to investors is laid bare. 10% returns are earned by sub5 year asset churn of Rentier assets. Those funding these returns are the users of water, energy systems, parking, housing, trains, planes and roads ie the rest of us
With 90% of investment funds being 10 year closed end the argument of ‘steady income’ to investors is laid bare. 10% returns are earned by sub5 year asset churn of Rentier assets. Those funding these returns are the users of water, energy systems, parking, housing, trains, planes and roads ie the rest of us
It's nice to have it confirmed!
A pyrrhic victory 😂