| From Onlineopinion.com.au: With Beijing’s sovereign wealth fund (China Investment Corporation) predicted to invest $US50 billion in the next year, it may well be that China will seek to purchase financial assets and real estate as some of the world’s leading hedge fund managers make further trips to Beijing seeking investment capital.
With assets of about $US300 billion by the end of 2008, the fund during September gave $1 billion to Oaktree Capital Management, a Los Angeles firm that buys distressed debt securities.......................Full Article: Source
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