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PSP Ups Stake in Athens While Giving Up Budapest
Justin Lee
October 31, 2024
© Rakoon / Wikipedia
Over the past five years, the infrastructure portfolio of PSP Investments achieved a rate of return of 12.0%, compared to a benchmark return of 4.5%. While it has sold off its share in Budapest Airport, it has also increased its share in Athens International Airport.
On 21 August 2024, media reported that PSP Investments Chief Investment Officer Eduard van Gelderen would leave the company after 6 years.
Over Mr. van Gelderen’s tenure, PSP beat the internal benchmark it uses to measure its investment performance: Its average annual return over the past five years was 7.9%, compared with a benchmark gain of 5.3%.
© Jorge Franganillo / Flickr
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