What’s new: China Investment Corp. (CIC) has dethroned Norway’s government pension fund to become the world’s largest sovereign wealth fund by assets, according to a new report.
CIC had $1.35 trillion in assets under management (AUM) by the end of 2022, according to a Jan. 1 report published by Global SWF, a platform that tracks sovereign investors. The fund ballooned by $129 billion in the past year.
