CIC deals with Harvard

08:52, August 05, 2010      

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China Investment Corp, the country's sovereign wealth fund, is in talks with Harvard University's endowment to buy the US institution's stakes in property funds worth about $500 million, the Wall Street Journal reported Wednesday.

The latest move by the $300 billion sovereign wealth fund reflects its efforts to tap properties in the distressed US commercial real estate sector as it seeks to diversify its overseas portfolio.

Source: Global Times

(Editor:黄蓓蓓)

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