Tough year for CIC in 2010
China Investment Corp. has publicly said that it sustained 10% mark-to-market losses in May because of the declines in the US and European markets this year, adding that it sees the rest of the year as very challenging.
Jasse Wang, Executive Vice President of CIC said at a banking conference that the declines came after the fund's portfolio posted a gain of about 11% in 2009. An official report on CIC’s fund’ performance...
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