CIC To Invest $500M In Blackstone Fund
Tuesday, June 23, 2009 : PermalinkForbes – Chinese sovereign wealth fund China Investment Corp is poised to invest around $500 million into a Blackstone Group hedge fund unit, a source familiar with the situation said on Friday.
The Wall Street Journal earlier reported the news and said it was part of a broad effort to put cash to work, and that the hefty injection would be welcome news for hedge funds.
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