China's $814 billion sovereign wealth fund grew its AUM last year despite a -2.96% loss on investments. It has heavily cut its emerging market exposure and is focusing more on illiquid assets.
Tag : ding xuedong
China Investment Corporation is increasing its allocation to US equities while cutting back further on developed and emerging sovereign bonds. It plans to raise exposure to direct investments through a newly established unit.
China Investment Corporation CEO Ding Xuedong has taken on an additional role as head of investment bank CICC. The sovereign wealth fund says he will retain his current function.
New chairman reported for CIC, BNY snags BlackRock MD, JP Morgan's head of North Asia exits, Robeco promotes PM and PGI hires Prudential executive.
