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Sovereign Wealth Funds Briefing - Categorized | Investment, Performance

CIC to stay in Toronto despite investment losses, sources say

Posted on 19 December 2013

China Investment Corp. has no plans to close its Toronto office, people close to the fund said, despite reports the giant investment fund is considering moving its North American headquarters to New York.
The $580-billion (U.S.) sovereign wealth fund opened the office in the city in 2011, its first on the continent.
At the time, the decision was touted as a coup for the financial community; Manulife Financial Corp. chief executive officer Don Guloien called it “a great tribute to the investment possibilities that CIC sees in Canada.”……………………………………….Full Article: Source


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