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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...