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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Once bitten, twice not shy

Posted on 24 February 2009

From Chinadaily.com.cn: Few companies have had such inauspicious beginnings as China Investment Corporation (CIC), China’s first sovereign wealth fund, backed by the world’s largest foreign exchange reserves.

Seventeen months ago the $200-billion fund had a lavish inaugural ceremony in Beijing and immediately started investing in some of the hottest names on Wall Street, including $5 billion in Morgan Stanley and $3 billion in then-celebrated hedge fund Blackstone. …. Full Article: Source


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