China Eyes Investing In Private Equity, Hedge Funds – Reuters

From Reuters via .com:

The steep paper losses that China has suffered on its $3 billion investment in Blackstone Group will not deter its embryonic sovereign wealth fund from making further in private equity and hedge funds, according to a senior official.

Shares in closed on Friday at $24.08, down 22.3 percent from its $31 debut price in June. The poor performance has sparked of the investment within China, which bought its non-voting share at a 4.5 percent discount and agreed to hold onto it for at least four years. [Full Text]

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