Tuesday, 31 March 2015
Last updated 1 hour ago
Oct 2 2013 | 11:10am ET
China's sovereign wealth fund is poised to put some of its nearly $600 billion in assets to work at European hedge funds.
China Investment Corp. absolute return managing director Roslyn Zhang told the SALT conference in Singapore that it is "getting closer to the point of taking action" after two years investigating the space.
"From the intelligence we gathered from managers, we had been lacking in confidence to pull the trigger," she said. CIC has been focusing on distressed investments, but hasn't yet identified which strategy it will seek in Europe.
Once it does, it will create a list of 10 established managers, eventually cutting that roster to between three and five.
CIC has been investing with hedge funds for four years, and Zhang said that SWF's experience "has been very positive." But she said it needed two years' lead-time before making an investment, because "the investment process itself will require six to nine months, and also the nature of hedge fund investments is that you can't really turn over your portfolio that quickly."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…