After a string of bad investments, China Investment Corp. (CIC) has shut down its Toronto office and is opening a new one in New York, part of a quiet retreat from Canadian natural resources by China’s state-controlled entities.
The decision ends a five-year presence by China’s sovereign wealth fund in the city, picked for its first and only overseas office to monitor investments in Canada’s mining and oil and gas sectors, a top Chinese priority when they were made.
Marc Langefeld submits: I attended the 13th Annual Columbia Investment Management Conference on Friday, February 26th, and had the opportunity to hear current views and insights from several esteemed value investors. Martin Whitman, Founder and Portfolio Manager of Third Avenue Management, opened the conference by discussing his current portfolio, his largest holding and sharing interesting insights. Mr.
HONG KONG — A Shanghai collector bought a rare Ming Dynasty cup that’s touted as the “holy grail” of China’s art world for $36-million at a Hong Kong auction on Tuesday, smashing the previous world record price for Chinese porcelain.
China Investment Corp (CIC), the country's $300 billion sovereign wealth fund, is looking to Russia for investment opportunities, state media reported Monday.Russia "has big development potential given its vast market and rich resources," CIC chairman Lou Jiwei told the official Xinhua news agency in an interview during a trip to Moscow."CIC is willing to invest in Russia," he said.The company sees Russia's planned direct investment fund and a new round of privatisation as two channels for possible investment in the country, Lou said.
HONG KONG (Reuters) - China Investment Corp , the country's $300 billion sovereign wealth management fund, has teamed up with private equity fund Blackstone Group LP to buy a Japanese loan portfolio...