03.08.2010 - Axe hovers over CIC managers
From Efinancialnews.com: China sovereign wealth fund is strengthening its internal infrastructure to enable it to manage more assets in house, following a trend by state-owned funds of dropping third-party managers in favour of cheaper home-grown investment teams. China Investment Corporation, which was launched in 2008 to manage the country's $1.3 trillion (1 trillion) currency surpluses, said in its annual report last week that it had significantly bolstered its internal investment management staff with a view to bringing more assets under its own supervision..............................................Full Article: Source
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