CIC looks at European hedge fund investment
David Nealis President of Ceres in Shanghai |
China's sovereign wealth fund, China Investment
Corp (CIC), is reportedly close to making a hedge fund investment in Europe, where it has been scouting for investments for the past two years. This was announced by Roslyn Zhang, managing director of CIC's Fixed Income and Absolute Return Investments, during the Salt Asia conference. Zhang said CIC has been spending more time looking at Europe and is now getting closer to the point of taking action. Zhang says once CIC has identified a strategy, it will then try to single out 10 established managers for that strategy.
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Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition
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