Thu, Jul 31, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Performance

CIC denies reports of huge losses in US

Posted on 16 October 2008

From Chinadaily.com.cn: China Investment Corporation (CIC), the country’s $200 billion sovereign wealth fund, denied media reports Wednesday that it has incurred major losses in its investment in Reserve Primary, a US money market fund.

CIC confirmed previous media reports that it had invested in the US fund through its arm, Stable Investment, but said it had withdrawn all its money before the latter suspended withdrawals last month amid the worsening US financial turmoil. “The fund has confirmed through written documents that it will pay back both principal and interest of our investment,” CIC said in a statement on its website….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 14478 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031