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CIC buys 20% stake in solar operator

China Investment Corp said it has bought a 20 per cent stake in GCL-Poly Energy, a Hong Kong-listed solar power plant operator, for HK$5.5bn (US$705m) as the sovereign wealth fund takes a bet on new energy

Norway wealth fund recovers stock losses

An equity buying spree has paid off this year as global markets have rebounded strongly, but the fund said it stopped adding equities to its portfolio after reaching the 60 per cent target in June

Eyes stay focused on China’s SWFs

China’s growing economic importance and the consequent allure of its SWFs will prove a magnet for international asset managers with regional ambitions

Qatar fund aims to diversify through Asia

The head of Qatar Holding, the direct investment arm of the Qatar Investment Authority, says it will soon open an office in China as it seeks to boost its growing portfolio in the Far East

CIC head warns of asset price bubble

China’s sovereign wealth fund has invested about half its $110bn in available capital in overseas stocks, mining, energy and real estate and has earned decent returns so far, according to the head of the fund

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Comment and Analysis

State funds cast their nets

The CIC has changed its strategy after becoming concerned that dollar-denominated securities are no longer reliable, writes Henny Sender

Abu Dhabi multiplies investment arms

Questions have been raised about the extent of co-ordination between the emirate’s various funds and whether the diversity heightens the risk of Abu Dhabi overplaying its hand

From vultures to white knights

After financial markets’ rush to liquidity and safety, sovereign wealth funds are among the few remaining sources of capital with patience and tolerance for risk. We should be grateful for them

Daimler’s Mideast move seen as showcase

Daimler’s move to bring in Abu Dhabi-based Aabar Investments is seen by many as a showcase of how large German industrial groups are turning to the Middle East in search for cash and growth opportunities

Daimler/Abu Dhabi

Lex

German authorities should feel relieved about the carmaker’s cash injection from Aabar Investments. The benefits to Abu Dhabi are less clear cut

Abu Dhabi’s goals

What makes Abu Dhabi unlike not just its sister and competitor emirates but pretty much everywhere in the Arab world is its devotion to manufacturing. Much of its oil wealth is being used to start industries from scratch

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