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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Axe hovers over CIC managers

Posted on 03 August 2010

From Efinancialnews.com: China sovereign wealth fund is strengthening its internal infrastructure to enable it to manage more assets in house, following a trend by state-owned funds of dropping third-party managers in favour of cheaper home-grown investment teams.
China Investment Corporation, which was launched in 2008 to manage the country’s $1.3 trillion (€1 trillion) currency surpluses, said in its annual report last week that it had significantly bolstered its internal investment management staff with a view to bringing more assets under its own supervision……………………………………….Full Article: Source


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