28.07.2011 - China’s sovereign wealth fund grows exposure to private equity
China’s sovereign wealth fund, China Investment Corporation (CIC), has increased its allocation to alternative assets in 2010, including private equity and infrastructure. According to its Annual Report 201, CIC reduced its cash holdings as a proportion of total portfolio and further diversified its investment portfolios. It recorded annual returns of 11.7 per cent in 2010, the same as 2009. The cumulative annualised return was 6.4 per cent since its inception..............................................Full Article: Source
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