Here, what might be called the pension/sovereign-wealth-fund model – in which a public entity holds and manages a diversified portfolio of assets as a financial investor with appropriately specified duties and governance – seems to be the right way to go. The asset side of the balance sheet is maintained in the aggregate, but the management of the assets, particularly the diversification of holdings, can be thought of as prudent and de facto privatized.
在此那种可能会被称为养老金或主权财富基金的模式——拥有和管理一个多样化资产组合的某个公共实体成为了一个具备特定责任和管制能力的金融投资者，——似乎是一条明智的路。资产负债表的资产一面总体维持不变，而对资产的管理——尤其是所持资产的多样化——可以被认为是谨慎以及事实上的私有化。