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Sovereign Wealth Funds Briefing - Categorized | Market

CIC — the multi-purpose SWF

Posted on 13 October 2009

From FT Alphaville: Oh, for an investment bank client like China Investment Corp, as Lex observed recently, noting: “While other sovereign wealth funds talk a good deal, CIC does them”.

Many governments may also wish they had an SWF like CIC. In August, the fund, which had just under $300bn in assets at the end of last year, announced it had outperformed most of its peers — despite a return on its global portfolio of minus 2.1 per cent in 2008……………………Full Article: Source

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