| En route to another double-digit annual return, China’s sovereign-wealth fund China Investment Corp. (CIC) last year expanded long-term asset and direct investments while reducing the cash percentage of its global portfolio.
Also noted in CIC’s recently released financial report for 2010 — its third year in business — was a board of directors decision to set targets for cumulative, annual return rates. The board also decided to extend an investment assessment cycle to 10 years from five..............................................Full Article: Source
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