From Bloomberg: China Investment Corp., the nation’s $300 billion sovereign wealth fund, posted a 2.1 percent loss in 2008 as slumping shares eroded the value of its $5.6 billion investment in Morgan Stanley and its $3 billion stake in Blackstone Group LP, manager of the world’s biggest buyout fund, both acquired during its first year in 2007.

The Beijing-based fund may have had a return of more than 10 percent in 2009, said London-based Jan Randolph, director of sovereign risk, analysis and forecasting at IHS Global Insight………………………………..Full Article: Source