| China Investment Corp. (CIC), the nation’s $482.2 billion sovereign wealth fund, is continuing the process shifting away from outsourced management and funds-of-funds investment.
“We will continue to pursue direct investments under our asset allocation strategy and build positions to capture stable returns in the long term,” CIC states in its most recent annual report. “We will further refine our project management system across the project life cycle, including project identification, decision-making, post-investment management and exit. And we are keen to explore ways to cooperate with our peers globally.”..............................................Full Article: Source |