China Investment Corp. (CIC) has sold most of its stake in BlackRock (BLK) via a gradual...

|By:, SA News Editor

China Investment Corp. (CIC) has sold most of its stake in BlackRock (BLK) via a gradual offloading of shares over the past few months, the FT reports. CIC had held just under 3% which was worth about $1B. CIC has made a profit on the investment, although it's suffering losses on Blackstone (BX), Morgan Stanley (MS) and Noble Energy (NBL).