Latest news with #ChinaInvestmentCorp.
Bloomberg
30-04-2025
- Business
- Bloomberg
China Sovereign Fund Cuts US Private Assets Amid Trade War Risk
China Investment Corp., the nation's $1.3 trillion sovereign wealth fund, is cutting exposure in US private markets to curb risks as an escalating trade war between the world's two largest economies threatens its investments, according to people with knowledge of the matter. The Beijing-based fund is planning to reduce holdings in US private assets, which may include real estate and infrastructure in addition to private equity, said the people, who declined to be identified as the considerations are private. The company has already started seeking buyers for about $1 billion in private equity investments managed by US firms, they added.
Bloomberg
13-03-2025
- Business
- Bloomberg
CIC Veteran Retires After Building $100 Billion Trading Desk
Daniel Ding, who helped build China Investment Corp. into a $100 billion-a-year trading giant in global markets, has stepped down from the Chinese sovereign wealth fund after 14 years, according to people familiar with the matter. Ding, who led the $1.3 trillion fund's trading room for 12 years before taking over as managing director in charge of dynamic asset allocation in 2022, retired recently, the people said, asking not to be identified discussing an internal matter. The fund has yet to appoint a replacement, they said.
Bloomberg
27-01-2025
- Business
- Bloomberg
Brookfield Seeks to Buy More Japan Property After $1.6 Billion in Deals
Brookfield Asset Management Ltd. said it plans to ramp up real estate investments in Japan after buying a stake in a landmark Tokyo hotel and a large plot of land for logistics development in deals worth a combined $1.6 billion. The Canadian investment firm took a stake in Gajoen, a mixed-use complex in the Japanese capital owned by China Investment Corp. and LaSalle Investment Management. It also acquired 1 million square feet of land near Japan's manufacturing heartland of Nagoya to develop a large warehouse. The two deals closed at the end of 2024.
