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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Fund Profile/New Launches, Reserve Currencies

CIC to get $5 bln from reserve fund

Posted on 16 October 2008

From WSJ: China’s sovereign-wealth fund said it expects to recoup $5 billion it invested in a U.S. money-market fund because it requested the money be withdrawn shortly before the fund froze redemptions.

China Investment Corp. said Wednesday that it was no longer an investor in Reserve Primary Fund when the fund suspended redemptions Sept. 16….. Full Article: Source


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