Infrastructure funds: Plain plane pain

It turns out that infrastructure funds aren’t as bulletproof as investors hoped. Australian infrastructure fund manager Babcock & Brown’s stock has fallen 90% in a year - and its chief executive and executive chairman stepped down - because of concerns that its funds are overleveraged. Down Under competitor Macquarie is taking steps to address potential problems also. Though it appears to be in much better shape than Babcock, investors should remember that even good infrastructure investments ca...