| A hedge fund with financial backing almost entirely from China's giant sovereign wealth fund closed last week less than three years after it was launched, according to people familiar with the matter.
PCA Investments was formed in 2011 and attracted notice for the involvement of China Investment Corporation, the country's $US575 billion ($659bn) sovereign wealth fund, which is tasked with investing part of China's vast foreign exchange reserves. PCA had operations in both Hong Kong and Beijing...............................................Full Article: Source
|