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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Russia-China Investment Fund reveals first investment

Posted on 10 September 2012

The Russia-China Investment Fund (RDIF), a sovereign fund formed by the Russian Direct Investment Fund with the China Investment Corporation, has announced its first investment, awaiting regulatory approval.
The Russia-China fund was formed this summer with an initial seed amount of $1bn from each side.The goal is to double the total size of the fund to $4bn. About 70% of the assets will be invested in Russian companies, with the remainder in Chinese enterprises………………………………………..Full Article: Source


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