China’s sovereign wealth fund has hired a Tudor Investment Corp. veteran to manage its hedge fund investments.

Bill Lu has been named a managing director at the China Investment Corp. He’ll oversee the US$300 billion sovereign fund’s growing portfolio of hedge funds and hedge-fund like investments, The Wall Street Journal reports.

CIC has made a big splash in alternative investments this year, awarding hedge fund mandates totaling nearly US$2 billion this year to Blackstone Group, Capula Investment Management, Morgan Stanley Investment Management and Oaktree Capital Management. The sovereign fund said it would invest up to US$6 billion in hedge funds this year.

Lu, who was born in China, takes the hedge fund reins at CIC from Felix Chee, the former manager of the University of Toronto endowment. Chee will remain at CIC as a special adviser to Gao Xiqing, the chief investment officer.

Lu spent nearly five years at Tudor, where he managed the firm’s relationships in China  and helped oversee trading decisions.