Friday, 27 March 2009
Everyone else is shedding debt and de-leveraging but the Canada Pension Plan Investment Board is planning to do the exact opposite according to CPPIB to Issue Debt in today's Globe and Mail. Especially interesting is the statement that they will use the money to invest in, among other things, private debt. In other words they want borrow money cheaply on the market to turn around and lend it out privately at higher return. It cannot be but at higher risk. Is that wise?
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