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The contemporary asset management industry is overwhelmingly an American-led one, but the initial centre of gravity of infrastructure asset management was in Australia.
How asset managers work in the shadows – and shape all of our lives.
Getting off the ground Governments and investors have been terrible at making projects happen. Can this time be different? I N THE 1920S the Lambert Flying Field in St Louis, Missouri, was a hive of innovation and celebrity. It became the first airport with a traffic-control system, waving flags at pilots. Charles Lindbergh flew airmail from it before making the first solo flight across the Atlantic. Today the airport is old, obscure and drab. So in 2017 it joined an experimental privatisation scheme, a key plank of President Donald Trump’s effort to revamp America’s infrastructure. By 20...