China Investment Corporation Releases Annual Report
For 2013, the US$ 652.7 billion China Investment Corporation’s subsidiary, CIC International Co. Ltd., achieved a net income ratio of 9.33%. This is a decline from 2012, which posted a 10.6% rate. Since the CIC’s inception, the cumulative annualized return is 5.7%. The CIC had some major allocation shifts. For example, the sovereign wealth fund went from 17.5% in emerging market sovereign bonds at the end of 2012 to 26.8% allocated at the end of 2013.
See profile of the China Investment Corporation
The CIC was founded with an initial capital amount of US$ 200 billion.
Law firm Grant & Eisenhofer won a landmark case for its clients after a seven-year legal duel in Dutch courts. On July 13, 2018, the Amsterdam Court of Appeals officially approved the largest securities settlement ever reached in Europe, paving a path for international insurance company Ageas N.V./S.A. to begin payment of US$ 1.5 billion (€1.3 billion) to multiple groups of institutional and individual investors from Europe and the United States. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
State Street Corporation inked a deal to acquire Charles River Systems, Inc. (Charles River Development), a provider of investment management front office tools and solutions. Under the terms of the agreement, State Street will purchase Burlington, Massachusetts-based Charles River Development in an all-cash transaction for US$ 2.6 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
The Rothschild Bank AG and one of its units called Rothschild Trust (Schweiz) AG got slapped with serious violations of anti-money laundering in regard to the 1MDB scandal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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