Kit R. Roane

Infrastructure investing is growing in popularity as stocks and real estate tumble. But too much money is once again threatening to chase too few opportunities

Gaze out your window at the cars going by. Now pretend you will be paid a quarter every time one passes.

These days, the world's largest investors are making similar calculations, and they like what they see. Stable cash flow is something to cherish, with volatility whipsawing stocks and the debt market nursing the sting of billions in collateralized debt obligations gone awry. So the once-sleepy backwater of infrastructure investment—the buying up of public roadways, utilities, airports, hospitals, and even prisons—has become fertile ground for Wall Street titans.

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Posted by dcjaya at February 4, 2008 4:01 PM