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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

CIC-change

Posted on 22 June 2009

Fom Business-standard.com: China Investment Corporation may have learned that politics rarely brings riches. The sovereign wealth fund’s chairman said only in December that he didn’t dare invest in financial assets, prompted by some painful losses on Western firms.
Now the CIC has topped up its investment in Wall Street bank Morgan Stanley, helped fund manager BlackRock buy rival Barclays Global Investors and is reportedly planning to pop $500 million into a hedge fund backed by buyout group Blackstone. It suggests a welcome sea change………Full Article: Source


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