CIC announces 11.7% return on global investments for 2010
China Investment Corp. (CIC) saw a 11.7% return on its offshore investments in 2010, a year in which its exposure to alternative investments – such as private equity, hedge funds, real estate and infrastructure – increased sharply to 21% from 6% in 2009. The overall return is identical to the previous year.
The sovereign wealth fund's global investment portfolio swelled by $35.7 billion, with cash holdings down to 4% from 32%. In addition to alternative investments, equities exposure rose sharply, from 36%...
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