A Los Angeles investment firm has come out a big winner in the battle among some of world’s best-known money managers vying for a slice of cash from China’s sovereign-wealth fund.
China Investment Corp., which is doling out billions of dollars as it tries to profit from a global economic recovery, has committed to invest about [...]
The sovereign-wealth funds are stirring. After going quiet as markets crashed and some high-profile investments in U.S. financial companies went awry, the huge pools of capital are back doing deals.
China Investment Corp. is poised to invest $500 million in a Blackstone Group hedge-fund unit as part of a broad effort to put cash to work while global markets are rallying but remain below earlier peaks.
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