-2015 saw asset allocations shift with global market trends
-CIC continues to be tight on management fees
-Organizational structure changes may alter investment outlook
Update: China’s largest sovereign wealth fund, China Investment Corporation (CIC), released its 2015 report. In line with most other SWFs, it posted a loss of almost 3% – its first decline since 2011. Global market jitters have been painted the villain in these returns. CIC will continue restructuring internally and this will likely play out in reallocations across different asset classes. These reallocations, paired with key management changes, should be watched very closely. The issue of CIC’s funding sources is likely to come front and center in the next few years and adjustments occurring now may tell a story as to where CIC will stand as a target for mandates.
After getting past the first 25 pages of artistic portrait shots (and even poetry), the 2015 report reveals …
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