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.
Japan-based Nomura Holdings is in talks with the China Investment Corporation (CIC) on forming a new investment fund. The fund could be receive commitments up to US$ 1 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
On October 22, 2018, Singapore’s Temasek Holdings, through its sovereign wealth enterprise (SWE) Ion Investments, entered into its second block deal in selling shares in Celltrion, a South Korean bio-pharmaceutical company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
In an unfortunate break for Facebook, the true nature of its data breach is more troubling than previously believed. The social media giant revealed that its headline-topping security breach, which affected 29 million accounts, compromised personal information and seemingly confidential contact information. The FBI is said to be investigating. In September 2018, the story broke that user content, email, and phone numbers, along with personal profile information, was swiped from the site. Facebook has admitted the problem, but stopped short of offering users an apology. The U.S. Federal Trade Commission (FTC) and the Irish Data Protection Commission have questioned Facebook on the matter.
Access Tokens
At the root of the breach were Facebook “access tokens.” These are digital keys that give sites access to keep users logged in and to recognize them upon entry. Unknown hackers reportedly stole these access tokens for 400,000 people. They then used “friends lists” to steal tokens from their networks. Facebook did not shy away from noting that unauthorized access “included username, gender, locale/language, relationship status, religion, hometown, self-reported current city, birthdate, device types used to access Facebook, education, work, the last 10 places they checked into or were tagged in, website, people or Pages they follow, and the 15 most recent searches.” This is, clearly, a staggering amount of personal information and a black eye for the corporation.
[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
-
3 weeks agoPress Release – Public Investor 100 Rankings Released for 2018
-
3 weeks agoIntercontinental Exchange Finalizes Acquisition of Mortgage Data Company
-
2 weeks agoNorway GPFG Could Get New Ownership Structure
-
3 weeks agoInstitutional Investors Experience Bifurcation of Chinese Private Equity
-
3 weeks agoPIMCO Acquires Gurtin Municipal Bond Management
-
2 weeks agoCorona Cop Wins CalPERS Board Seat over Board President
-
3 weeks agoMapletree Acquires 37 Logistics Properties from Prologis Norway SWF JV
-
2 weeks ago$100 Oil Can Change the Saudi Sovereign Wealth Fund Paradigm