PIMCO Hedge Fund Manager Heads Home To China Currency Regulator

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.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR