Sun, Apr 20, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

China Investment rewards failed Blackstone Investment with more cash

Posted on 23 June 2009

From Seekingalpha.com: After watching their US$3bn investment in the Blackstone IPO shrink by nearly two-thirds (from $29.605 to $12), China Investment Corp is reported to be investing $500mn in Blackstone funds (not directly in the stock this time) in an attempt to get into markets while prices are cheap.
Fair enough on the market call, but I guess there aren’t any hard feelings regarding the overvalued price CIC was given previously for Blackstone shares ($29.605)……..Full Article: Source


 Article link

This post was written by:

VRS - who has written 13908 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930