24.09.2012 - HKMA emerges as possible investor in ailing CVC Capital
The Hong Kong Monetary Authority has emerged as a possible investor in troubled CVC Capital Partners, which is said to have raised money by selling a 10% stake to a trio of investors including Singaporean and Kuwaiti sovereigns. If true, it would mark a notable private equity investment by the HKMA, which had reserved $11 billion out of its $300 billion exchange fund for alternative investments in the year ending December 2011. Additionally it brings into question the selection process by the authority’s Exchange Fund for alternative investments and the transparency of its investments in the asset class...............................................Full Article: Source
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