| China Investment Corporation (CIC) is said to have set up a fund to seek exposure to the Australian resources sector. It reportedly involves a local fund manager and a multinational investment bank, and will make allocations worth $500m.
This activity may expand further, after CIC has suffered a negative return of 4.3% on its international equities holdings during 2011-12. Sovereign wealth funds like CIC in the past year have accounted for $A125bn worth of investment in the mining and energy industries across the globe...............................................Full Article: Source
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