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Sovereign Wealth Funds Briefing - Categorized | Performance

China CIC’s 2010 overseas investment return top 11 pct

Posted on 07 March 2011

From Reuters: China Investment Corp (CIC) made a return of over 11 percent on its overseas investments in 2010, a senior executive at the $300 billion sovereign wealth fund said on Sunday.
“Our return on overseas investments last year roughly matched that in 2009 and it was over 11 percent,” said Jesse Wang, an executive vice president at CIC, which was set up in 2007 with a mandate to earn a higher return on a slice of China’s foreign exchange reserves. CIC posted an 11.7 percent return on its global investments in 2009, reversing losses in the previous year and bolstering its case for fresh government funding……………………………………….Full Article: Source

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