The US Treasury Department is expected to name as many as nine fund managers to operate the long-awaited Public-Private Investment Program (PPIP), a person familiar with the plan have said.
An announcement from Treasury could come as soon as today, the person said, adding that the roster of firms is likely to include Allianz SE's Pacific Investment Management Co, or Pimco, BlackRock Inc, billionaire Wilbur Ross and private investor Angelo Gordon & Co.
A Treasury official could not immediately be reached for comment.
Reuters
