13.09.2010 - CIC recovers its billions invested in U.S. fund
From Xinhua: China Investment Corporation (CIC), the country's sovereign wealth fund, said that it has recovered all its investment in the Reserve Primary Fund, a U.S. money market fund that was crippled after the bankruptcy of Lehman Brothers in 2008. The CIC had invested a total of 5.3 billion U.S. dollars in the Reserve Primary Fund in 2008, and moved to claim all its money back before the fund suspended redemption in September that year because of its losses on debt issued by the Lehman Brothers, said a CIC statement on its website..............................................Full Article: Source
Print