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Sovereign Wealth Funds Briefing - Categorized | Investment, Market, Performance

US crisis freezes China SWFs

Posted on 15 October 2008

From FT: China’s $200bn sovereign wealth fund, which has made a series of loss-making investments in Western financial institutions since last year, could have as much as $5.4bln frozen in a failed US money market fund account.

A subsidiary of China Investment Corp was the biggest institutional investor in the $62bln Reserve Primary Fund, the first money market fund in 14 years to see its net asset value fall below $1 last month, according to US regulatory filings reported by agencies….. Full Article: Source


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