Tue, Aug 4, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Chinese fund may be biggest fool

Posted on 17 October 2008

From Newsmax.com: As much as $5.4 billion of China s $200 billion sovereign wealth fund could be frozen due to a U.S. money market account that failed, the Financial Times reports.

U.S. regulatory filings show that a China Investment Corporation (CIC) subsidiary was the biggest institutional investor in Reserve Primary Fund, a $62 billion money market fund that was the oldest such fund in the United States, and which recently closed its doors. Until recently many investors considered money market funds to be as safe as bank accounts….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 16821 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
August 2015
M T W T F S S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31