Direct Investment Fund
From Taighde
The Russia Direct Investment Fund is a state-owned fund created by the government of Russia. The fund will use capital provided by the Russian government along with private investors including sovereign wealth funds and other state-owned funds. The fund started operations on October 31, 2011.[1]
Lou Jiwei, chairman of the China Investment Corporation, Choi Chong-suk, CEO of the Korea Investment Corporation, and Bader M. Al Sa'ad, CEO of the Kuwait Investment Authority, have been asked and agreed to serve on the RDIF's board of advisers. They were appointed in September 2011.[2]
It is believe the China Investment Corporation has agreed to invest $1 billion into the fund. [3]
