China Sovereign Wealth Fund Readies European Hedge Fund Allocation

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."


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

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

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