Wednesday, 20 August 2014
Last updated 1 hour ago
Dec 18 2009 | 12:05pm ET
China’s currency regulator has named a Pacific Investment Management Co. hedge fund manager as its new chief investment officer.
Changhong Zhu will take up his post at the helm of the Reserve Management Dept. of China’s State Administration of Foreign Exchange in February, PIMCO said. SAFE manages $2.3 trillion, including the world’s largest foreign-exchange reserves. China owns nearly $800 billion in U.S. Treasuries.
Zhu has been at PIMCO for a decade, most recently managing its Absolute Return hedge fund strategies. He’ll be succeeded at the Newport Beach, Calif., firm by founder Bill Gross.
“While we are sad to see Changhong leave PIMCO, we are proud that his leadership and investment abilities are being recognized in his appointment to such an important role in his country,” Gross said in a statement.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note