China state fund open to shorting stocks-fund manager
Monday, March 15, 2010 : PermalinkReuters – China’s $300 billion sovereign wealth fund is looking at directly investing in funds that could benefit from falling equity prices, a top manager at Pyramis Global Advisors said on Monday.
China Investment Corp [CIC.UL] spent last year diversifying its investments into commodities, real estate and other asset classes, though the ability to short stocks means the state-backed investor would employ a strategy traditionally used by hedge funds.
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