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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Investment, Market

Sovereign wealth fund may step up disbursals for third-party fund managers

Posted on 03 February 2010

From People.com.cn: Sovereign wealth fund China Investment Corporation (CIC) is expected to use nearly 60 percent of the $250 billion capital it receives later this month for disbursals to foreign private equity firms and hedge funds.

The fund may lend as much as $150 billion in the first quarter to the third-party fund managers, said Michael McCormack, executive director at Z-Ben Advisors, a Shanghai-based company that provides research on China’s fund-management industry…………………………………..Full Article: Source

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