China’s Sovereign Wealth Fund Promotes UBS-Vet to Run Direct Investments
|May 7th, 2009||
|Bloomberg reported today that China Investment Corp. (CIC), the country’s $200 billion sovereign wealth fund, has appointed Zheng Kongdong to run its division that is charge of direct investments in public markets and hedge funds.|
The firm has also made Fan Gongsheng in charge of overseas investments managed by external managers. Mr. Gongsheng previously part of the fund’s fixed-income division.