Kepler Partners

Beyond Silicon Valley

I have been puzzled recently. Here we are again facing the second global energy crisis in less than four years and, strangely, yields on renewables energy infrastructure trusts are at huge spreads over UK government bonds. What is going on?

'Dirty word'

Based in London

'Sweet spot'

Three areas of uncorrelated returns

No longer 'uninvestable'

Activism a main worry

Appetite for undervalued assets

Rollercoaster ride for discounts