Chris Ailman, the chief investment officer for the California State Teachers’ Retirement System, paused when asked what progress has been made by the administration in its first 100 days toward making infrastructure investing more palatable.
“Not much, sadly,” Ailman, whose pension system managed $202.8 billion as of March 31, said in a Bloomberg Television interview. “I’ve never seen a market where there’s so much need, in terms of U.S. infrastructure needing repair, and so much money willing to go to work, and no transactions.”
Despite the skepticism, Americans should hope Trump is a successful president regardless of their political views. That was the message at Monday’s lunch session with JPMorgan Chase & Co.’s billionaire CEO Jamie Dimon.
“I was not a Trump supporter,” Dimon said. “But you better be rooting for the pilot of the airplane.”
This article was provided by Bloomberg News.