China Sovereign Fund Hiring Push Ignites Hedge Fund Rumors

Jul 27 2010 | 12:58pm ET

Is China’s massive sovereign wealth fund starting a hedge fund?

The US$300 billion China Investment Corp. on Tuesday posted 64 job openings to fill its “business development needs.” A spokesman for the sovereign fund told The Wall Street Journal that the hirings were part of its normal recruitment efforts, and declined to comment on whether they were related to a planned hedge fund. But in seeking hedge fund analysts, among other positions, the CIC has the rumor mill turning.

Last month, the Journal reported that the CIC and several other sovereign wealth funds in Asia and the Middle East were planning to launch their own hedge funds. Still, the CIC had a similar hiring spree last June to staff several new departments and private equity businesses.

The CIC is seeking employees from around the world to fill the positions, which include private equity investment managers, asset allocation researches, financial analysts and risk analysts. Prospective employees have until Aug. 9 to apply.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of