Jun. 22, 2009 (China Knowledge) - China Investment Corp (CIC), the country's US$200 billion sovereign wealth fund, is in talks with Blackstone Group, a U.S.-based private equity group, to invest about US$500 million in the latter's hedge fund arm, said sources familiar with the matter, the Wall Street Journal reported on Friday.The sources said that the two parties are expected to reach an agreeme
.....