A piece I think we're missing. They probably are opening the fund up to the public to invest in for exactly this reason.

If I'm putting in a thousand bucks in the fund through my TFSA, and if PP decides to sell off my highway for pennies on the dollar, my next thousand bucks would be invested in a sniper rifle.

If public involvement in the fund wasn't there, then what you said would be the likely outcome. I mean at least that's how I understand it (and if what I've understood is correct... Holy hell is the Carney admin smart lol)