China's sovereign wealth fund China Investment Corp (CIC) reported a dollar-denominated net return of negative 2.96% on its overseas investment last year, due to volatility in international financial markets and foreign exchange losses triggered by an appreciating U.S. dollar.
The negative return drove its accumulated annualized investment return to 4.58% since inception in 2007 until the end of last year, according to its newly releasedContinue Reading the Entire Article Here >>
