CIC eyes more alternatives after negative returns

China’s sovereign wealth fund (SWF) is to further raise its alternatives allocation in a bid to boost performance in response to portfolio losses in 2015, but expects another tough year for investors. Despite a 9% rise in assets under management last year to $813.8 billion as December 31, China Investment Corporation’s 2015 investment return was -2.96%, according to its annual report published on Friday. This marks the fund’s lowest asset growth rate since it launched in 2007, …