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Sovereign Wealth Funds Briefing - Categorized | Performance

CIC’s Primary Fund losses still not clear

Posted on 11 December 2008

From China.org.cn: China Investment Corporation (CIC), the country’s US$200 billion sovereign wealth fund, will not know the total loss on its investment in Reserve Primary Fund until the Fund makes its last cash distribution to shareholders, Caijing magazine reported, citing an unnamed senior manager with the CIC.

Whether or not CIC will file a lawsuit against the US money market fund depends on how big its final loss turns out to be, the unnamed source said….. Full Article: Source


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