14.06.2010 - Under pressure, China wealth fund looks short-term
From Reuters: Under pressure from Beijing to post better returns, China's sovereign wealth fund has placed a greater emphasis on short-term performance this year, two sources with direct knowledge of the fund's strategy said. That is a shift for China Investment Corp (CIC), which manages some $300 billion, after consistently emphasising its strategy of seeking long-term returns, and may mean the world's fifth largest state-run investor may prefer more liquid investments such as equities................................................Full Article: Source
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