PPIP, the government program to take ‘toxic assets’ off the books of banks, has received a lukewarm response in America; the Chinese Investment Corporation, however, is reportedly putting up $2 billion to invest in this mortgage-backed securities program.
On a macro scale, it’s confusion. But on an individual level, America’s pension plans are sure of what they need to do regarding investment risk-levels; they just aren’t all sure in the same way.
The Harvard endowment has been lambasted by critics for an illiquid
investment strategy and an overly ambitious infrastructure expansion
plan, but in possible signs of a turnaround at the world’s largest
university endowment, hiring has started once again.