27.07.2009 - Deals show CIC diversifying
From Alibaba.com: China Investment Corporation (CIC), the sovereign wealth fund that manages about a tenth of the country’s over $2 trillion foreign reserves, appears to be diversifying and turning to resources and commodities, according to a market analyst. According to a recent Reuters report citing unnamed sources, CIC acquired a 1.1 percent stake valued at 240 million British pound ($394 million) in Diageo, a leading UK-based group that owns labels such as Johnnie Walker and Baileys...........Full Article: Source