Notes

1  See the websites of the Ontario Teachers' Pension Plan, at http://www.otpp.com/wps/wcm/connect/otpp_en/home/investments/inflation+sensitive/infrastructure, and the CPP Investment Board, at http://www.cppib.ca/Investments/ Inflation_Sensitive_Investments/infrastructure.html.

2  CalPERS is the Californian Public Employees' Retirement System. The increased funding to infrastructure was reported by a number of sources, including Diamond's article in Pensions & Investments (Diamond 2010).

3  Watson Wyatt 2009a, 2009b.

4  Alternative assets are taken to mean investments in hedge fund of funds, real estate, private equity fund of funds, infrastructure, and commodities.

5  Pension Funds Online, available at http://www.pensionfundsonline.co.uk.