{"id":11488,"date":"2009-08-31T00:30:54","date_gmt":"2009-08-31T08:30:54","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=11488"},"modified":"2009-08-31T00:31:08","modified_gmt":"2009-08-31T08:31:08","slug":"china-investing-billions-in-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/china-investing-billions-in-hedge-funds.html","title":{"rendered":"China investing billions in hedge funds"},"content":{"rendered":"<p>The Korea Herald &#8211; China Investment Corp., the country&#8217;s sovereign wealth fund, is continuing to shift its investments away from cash and is investing billions in hedge funds and private-equity funds, chairman Lou Jiwei said.<\/p>\n<p>China Investment has invested &#8220;many times&#8221; the $500 million that CIC was reported to have placed in hedge funds and private-equity firms in June, Lou said Saturday in an interview in Beijing. He said China Investment was also investing in fund-of- funds.<\/p>\n<p><script src=\"http:\/\/www.koreaherald.co.kr\/khjs\/banner\/article_340.js\"><\/script><\/p>\n<p>Lou said Beijing-based CIC&#8217;s performance this year &#8220;has not been bad&#8221; following last year&#8217;s 2.1 percent decline in its global investments. He didn&#8217;t elaborate. China Investment Corp. had $297.5 billion in assets and had 87.4 percent of its global portfolio invested in cash and cash equivalents at the end of last year, the fund reported earlier this month.<\/p>\n<p><strong><a title=\"Read Complete Article\" href=\"http:\/\/www.koreaherald.co.kr\/NEWKHSITE\/data\/html_dir\/2009\/08\/31\/200908310047.asp\" target=\"_blank\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Korea Herald &#8211; China Investment Corp., the country&#8217;s sovereign wealth fund, is continuing to shift its investments away from cash and is investing billions in hedge funds and private-equity funds, chairman Lou Jiwei said. China Investment has invested &#8220;many [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[13147,2867,11708,5398,942],"class_list":["post-11488","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-china-investment","tag-global-investments","tag-hedge-funds","tag-private-equity-firms","tag-private-equity-funds"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11488","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11488"}],"version-history":[{"count":3,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11488\/revisions"}],"predecessor-version":[{"id":11491,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11488\/revisions\/11491"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}