{"id":11153,"date":"2009-07-31T00:00:00","date_gmt":"2009-07-31T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"cic-funnels-fund-investments-via-blackstone-ms-report","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2009\/cic-funnels-fund-investments-via-blackstone-ms-report.html","title":{"rendered":"CIC funnels fund investments via Blackstone, MS: report"},"content":{"rendered":"<p>Marketwatch &#8211; China&#8217;s sovereign wealth fund has selected Morgan Stanley and Blackstone Group LP to oversee hundreds of millions of dollars in new investments, The Wall Street Journal reported Friday.<\/p>\n<p> The $200 billion China Investment Corp. has finalized an additional allocation of $500 million to Blackstone&#8217;s  \t\t\t\t<span class=\"quotepeekbase bgQuote up\"><span class=\"bgChannel\">\/quotes\/comstock\/13*!bx<\/span><span class=\"bgRealtimeChannel\">\/quotes\/nls\/bx<\/span> \t\t\t\t\t\t(<span class=\"symbol\"><a title=\"Blackstone Group LP (The)\" href=\"http:\/\/www.marketwatch.com\/investing\/stock\/BX\">BX<\/a><\/span> \t\t\t\t\t\t<strong><span class=\"data bgLast symbol\">11.42<\/span><\/strong>, \t\t\t\t\t\t<span class=\"data bgChange symbol\">+0.46<\/span>, \t\t\t\t\t\t<span class=\"data bgPercentChange symbol\">+4.20%<\/span>) \t\t\t\t<\/span> fund-of-funds unit, and an additional allocation of money has been earmarked for investment through Morgan Stanley&#8217;s  \t\t\t\t<span class=\"quotepeekbase bgQuote up\"><span class=\"bgChannel\">\/quotes\/comstock\/13*!ms<\/span><span class=\"bgRealtimeChannel\">\/quotes\/nls\/ms<\/span> \t\t\t\t\t\t(<span class=\"symbol\"><a title=\"Morgan Stanley\" href=\"http:\/\/www.marketwatch.com\/investing\/stock\/MS\">MS<\/a><\/span> \t\t\t\t\t\t<strong><span class=\"data bgLast symbol\">28.31<\/span><\/strong>, \t\t\t\t\t\t<span class=\"data bgChange symbol\">+1.15<\/span>, \t\t\t\t\t\t<span class=\"data bgPercentChange symbol\">+4.23%<\/span>) \t\t\t\t<\/span> asset-management unit, according to the report, which cited people familiar with the situation.    \t\t\t\t\t\t\t\t<\/p>\n<p> The sovereign wealth fund is also in discussions to potentially invest billions more in hedge funds, possibly doling out money directly to managers rather than using a fund-of-funds vehicles, the report said. <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.marketwatch.com\/story\/cic-investing-via-blackstone-morgan-wsj-2009-07-30?FORM=ZZNR7\">Read Complete Article<\/a><\/strong>  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marketwatch &#8211; China&#8217;s sovereign wealth fund has selected Morgan Stanley and Blackstone Group LP to oversee hundreds of millions of dollars in new investments, The Wall Street Journal reported Friday. The $200 billion China Investment Corp. has finalized an additional [&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":[249,5603,4483,4481,14792,13147,11708,1482,5736,3546,48,4975,4464,2750],"class_list":["post-11153","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-asset-management","tag-billions","tag-blackstone-group","tag-blackstone-group-lp","tag-bx","tag-china-investment","tag-hedge-funds","tag-investments","tag-management-unit","tag-marketwatch","tag-money","tag-morgan-stanley","tag-wall-street","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11153","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=11153"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11153\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}