Xinhua News- China Investment Corp (CIC), the country’s 200 billion U.S. dollars sovereign wealth fund, is hiring foreign fund managers to invest in hedge funds and private equity as well as in traditional assets such as bonds and shares.
Gao Xiqing, the fund’s general manager, yesterday said he hoped to hire the managers within the next few months.
Dozens of the world’s leading money managers have been making presentations to CIC in Beijing in recent weeks in an effort to win coveted mandates to handle some of the fund’s money.
"The hiring is going smoothly. We are actively doing it. The asset classes we are hiring managers for include the cash market, fixed income, equity and hedge funds," Gao told reporters on the sidelines of a pension fund forum in Suzhou.
