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

CIC makes an attempt at transparency

Posted on 02 August 2010

From Asianinvestor.net: The China Investment Corporation (CIC) deployed $58 billion of capital in 2009, following an initial $21 billion in 2008, according to its 2009 annual report. The return on its global portfolio last year was 11.7%, after suffering a -2.1% loss in 2008.
The report was released on Friday and marks a step towards transparency for the young, but very large, sovereign wealth fund. In return for opening up, CIC wants foreign governments to allow it access to their capital markets……………………………………….Full Article: Source


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