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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

China wealth fund suffers first-ever profit fall

Posted on 26 July 2012

Lou Jiwei China’s sovereign wealth fund China Investment Corp. suffered its first-ever drop in net profit in 2011 and predicted tough trading conditions may persist as volatile financial markets dent stock investments.
But in a sign the $482-billion fund is sticking to plans to become a more aggressive investor, CIC doubled its investment in private equity, direct investments and hedge funds in 2011 to 43 percent of its portfolio, compared with 2010. It said its private equity and direct investments were focused on sectors such as energy, resources, real estate and infrastructure………………………………………..Full Article: Source


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