{"id":10852,"date":"2009-06-19T00:00:00","date_gmt":"2009-06-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"cic-said-to-invest-500-million-in-hedge-funds-blackstone","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2009\/cic-said-to-invest-500-million-in-hedge-funds-blackstone.html","title":{"rendered":"CIC Said to Invest $500 Million in Hedge Funds, Blackstone"},"content":{"rendered":"<p>Bloomberg &#8211; China Investment Corp., the nation&rsquo;s $200 billion sovereign wealth fund, may invest as much as $500 million in hedge funds including those run by Blackstone Group LP, said two people familiar with the matter.             <\/p>\n<p>CIC aims to allocate $6 billion to hedge funds by the end of 2009, company adviser Felix Chee said two days ago at the GAIM International hedge fund conference at Monaco&rsquo;s Grimaldi Forum. Chee, who is a special adviser to the chief investment officer of CIC, said he will initially run CIC&rsquo;s hedge fund and proprietary trading effort.     <\/p>\n<p>The move adds to signs of improved confidence by CIC Chairman Lou Jiwei, who said in December that he didn&rsquo;t &ldquo;dare to invest in financial institutions&rdquo; after losing money on investments in Blackstone and Morgan Stanley. CIC raised its stake in Morgan Stanley earlier this month by buying an additional $1.2 billion shares.     <\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601089&#038;sid=aEyh5EUNjlbo\" target=\"_blank\" title=\"Read Complete Article\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; China Investment Corp., the nation&rsquo;s $200 billion sovereign wealth fund, may invest as much as $500 million in hedge funds including those run by Blackstone Group LP, said two people familiar with the matter. CIC aims to allocate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4339,4483,4481,64,13249,1742,13147,13248,13150,1301,13146,11148,11708,1482,13247,10989,4975,1108,11183,1422],"class_list":["post-10852","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-adviser","tag-blackstone-group","tag-blackstone-group-lp","tag-bloomberg","tag-chee","tag-chief-investment-officer","tag-china-investment","tag-cic","tag-felix","tag-financial-institutions","tag-grimaldi-forum","tag-hedge-fund","tag-hedge-funds","tag-investments","tag-lou-jiwei","tag-monaco","tag-morgan-stanley","tag-proprietary-trading","tag-rsquo","tag-stake"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10852"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10852\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}