15.02.2011 - China Investment Corp. looking at big move to PE, real estate
From Pionline.com: The $300 billion China Investment Corp., Beijing, might be on the cusp of “a major change to its investment practices” to focus on private equity, real estate and other alternatives, according to a research note to clients issued Monday from consultant Z-Ben Advisors. If the CIC wins government approval for such changes, the shift could mean “terrific news for managers within those three categories,” said Michael McCormack, executive director at Z-Ben in Shanghai. However, the door to the CIC might be closed for a raft of other managers, particularly traditional active managers in developed market bond and equity strategies..............................................Full Article: Source
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