| China Investment Corp. (CIC) inked a contract o establish a fund management joint venture with Russian Direct Investment Fund (RDIF) on June 5. Lou Jiwei, chairman and CEO of the Chinese sovereign wealth fund, and Kirill Dmitriev, CEO of the Russian sovereign wealth fund, attended the signing ceremony and under terms of the contract, the venture, based on the mode of limited partnership, aims to raise USD 2 billion to USD 4 billion in total.
CIC and RDIF will each injects USD 1 billion into it, with the remainder to be infused by third-party international investors...............................................Full Article: Source
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