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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

CIC recently sold 2.6mln shares of Morgan Stanley -Filing

Posted on 03 August 2010

From Dow Jones: China Investment Corp. continued to unload shares of Morgan Stanley (MS), recently selling another $70.4 million of the stock, according to a filing with the U.S. Securities and Exchange Commission.
Since July 21, CIC has sold 16.8 million shares of the investment bank for proceeds of $466.8 million. The sovereign wealth fund may be selling the stock to keep its ownership stake under 10% to avoid closer regulatory scrutiny……………………………………….Full Article: Source


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