CIC: world tour
China’s sovereign wealth fund’s interest in Italian assets should not be read as a vote of confidence, but rather as fund managers trying to expand their turf
Sovereign Funds
Resources
State-backed investors seeking higher returns on their capital are buying western company shares, but the move has provoked a mixture of protectionism, anger and mistrust
China buys stake in Thames Water
Beijing seeks more lucrative returns than those available from low-yielding government bonds
Qatar injects $2bn to revive finance hub dream
Sovereign wealth fund plans to attract asset managers to Doha but faces increasing competition from Dubai and Abu Dhabi
Eldorado agrees to buy European Goldfields
The C$2.5bn deal, which represents a premium of about 48.4%, upends a plan by Qatar’s sovereign wealth fund to take a stake in the Aim-listed miner
China boost for UK growth plans
Chinese funds would help to update the west’s infrastructure – starting with Britain – in exchange for stable and sound financial returns
Terra Firma seeks €1bn sovereign fund pool
Several large investors from China and the Middle East want the UK buy-out group to set up a separate pool worth up to €1bn
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