China’s Sovereign Wealth Fund Promotes UBS-Vet to Run Direct Investments

May 7th, 2009
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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.
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