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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC says US fund to return all its investment

Posted on 17 October 2008

From Chinadaily.com.cn: China Investment Corp (CIC), which operates the country’s sovereign wealth fund, said it had given notice to the Reserve Primary Fund, a US money market fund, to withdraw all its investment before the latter’s suspension announcement.

The CIC had received a written verification from the US fund to return the investment and the relevant interest, the Chinese firm said in a statement to clarify the status of its investment in the Reserve Primary Fund via CIC affiliate the Stable Investment Corp…… Full Article: Source


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