13.10.2009 - CIC — the multi-purpose SWF
From FT Alphaville: Oh, for an investment bank client like China Investment Corp, as Lex observed recently, noting: “While other sovereign wealth funds talk a good deal, CIC does them”. Many governments may also wish they had an SWF like CIC. In August, the fund, which had just under $300bn in assets at the end of last year, announced it had outperformed most of its peers — despite a return on its global portfolio of minus 2.1 per cent in 2008........................Full Article: Source