Reframing Finance: new models of long-term investment management
指出养老金、主权财富基金等主要资金来源与公共基础设施投资之间存在错配，提出理论框架和替代投资模型来解决资产所有者与资本部署者之间的利益不一致问题。
Access to finance is a central dimension of global responses to climate change and the Sustainable Development Goals, for local and national governments looking to scale up infrastructure investment to improve quality of life, economic development and resilience. However, there is a persistent misalignment between major sources of finance—namely pension funds, sovereign wealth funds, insurance companies, family offices or foundations—and the opportunities to invest in public infrastructure assets. The global financial crisis in 2008–2009 exposed critical shortcomings in the financial system, illustrating how short-termism and growing systemic risks could lead to potentially catastrophic consequences. The outcomes of short-termism are a particular issue in the infrastructure sector: Reframing Finance provides theoretical frameworks and alternative investment models to address the fundamental misalignment in interests between asset owners and those deploying capital. For institutional investors, the particular nature of infrastructure assets as illiquid and opaque financial assets makes it difficult to invest directly, leaving them reliant on intermediaries.