Sun, Dec 28, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market, Performance

CIC’s bitter payoff for Morgan Stanley stake

Posted on 09 August 2010

From Marketwatch.com: For more than two years, quarterly dividends from Morgan Stanley rolled into a China Investment Corp. account at the healthy rate of 9% per year. It’s been a pleasant, predictable payoff to reward the Chinese sovereign wealth fund’s purchase of a $5.6 billion stake in Morgan Stanley in December 2007, just a few months after CIC was formed.
But attached to the deal was a special financing clause that, like a dark thunderstorm cloud, has been steadily growing in risk potential for CIC……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 15441 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031