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Article: The land of opportunity; Deals are sparse today, but managers and investors see big things - and big returns - ahead for those investing in America.(NEWS)
- Article from:
- Pensions & Investments
- Article date:
- August 10, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Arleen Jacobius
U.S. infrastructure, a main target of economic stimulus money from the federal government, is stimulating interest from infrastructure investment firms and some investors.
However, the deals are few, as little of the $170 billion in global infrastructure funds amassed in the past two years will be spent in the U.S., industry insiders predict. That's despite a $2.2 billion need for American infrastructure investment.
Still, managers that include one of the world's largest infrastructure investors Macquarie Bank see gold in the roads of the U.S. Stephen Mentzines, a managing director and head of North American Macquarie ...