Euromoney is driving around Toronto on a highway so revered by infrastructure investment specialists one would think it were the Road to Damascus rather than the Road to Clarington, Ontario.
This is the 407, and it’s a fairly dull drive, if truth be told. But in the late 1990s it represented the birth of an asset class, helping to catalyze a sense that had been mounting for some time that Canada’s pension and sovereign wealth funds were among the most innovative in the world.
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