China’s sovereign wealth fund lost 4.3% on its investment portfolio last year, making 2011 its worst year ever, Financial Times reported. China Investment Corp (CIC) confirmed the loss in its annual report, which also disclosed that it received a US$30 billion injection of capital from the government at the end of 2011. CIC said that the weak market was to blame for its performance last year. It also said that its focus was on assets with strong long-term potential and that it was less concerned with short-term volatility. As of the end of last year, CIC managed US$482 billion in assets, and its overseas assets totaled US$147 billion. CIC, which manages funds culled from China’s vast foreign exchange reserves, began publishing its annual report in an effort to portray itself as a transparent and profit-seeking institution.