Wed, Feb 22, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

China Investment Corporation said to be in talks with large U.S. hedge funds, former University of Toronto Asset Management staff the gatekeepers?

Tuesday, July 07, 2009

From Matthias Knab, Opalesque Europe:

According to information obtained by Opalesque, global hedge fund managers rushed into Beijing for chances to meet with staff from China Investment Corporation (CIC), which said it would invest billions dollars in the absolute return field. Most of those money managers are from New York, London, Chicago, San Francisco and Connecticut, etc.

CIC’s activities are rather secretive - their officials usually don't appear in public events but rather use private connections. Hedge funds around the world are struggling to find ways to access CIC. The most common questions circle about the standards and requirements on mandates by the China fund.

At Opalesque, I have personally received quite a few emails bluntly asking me for "an introduction". In fact, we do have relationships to the CIC and many others, but obviously an email coming out of nowhere from a stranger asking "hey, know anyone at CIC?" isn't maybe the most promising approach.

According to some sources, CIC had been in talks with several large US hedge fund managers since last summer. Beside the investments in Blackstone Group’s hedge funds, the names mentioned include Citadel Investment Group, D.E. Shaw, Paulson & Co, Renaissance Technologies, SAC Capital and Tudor Investment Group.

A fund of fund manager reported that Felix Chee, who acts as senior adviser of CIC, had hired "lots" of former colleagues from the University of Toronto Asset Management Cor......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. People - Kuwait wealth fund head Al Saad said to step down after 14 years[more]

    From Bloomberg.com: Kuwait Investment Authority is set to name Farouk Bastaki as managing director, replacing Bader Al Saad who ran the world's fifth-largest sovereign wealth fund for 14 years, a person familiar with the matter said. The KIA, as the fund is known, is finalizing the appointment, said

  2. Manager Profile - Eddie Lampert: a painful entanglement with Sears[more]

    From Moneyweek.com: "In the long run we are all dead." Lex in the Financial Times reached for the famous quote from John Maynard Keynes in January when, after a long and unforgiving decline, the clock finally appeared to be running out on Sears, the iconic US department store group. Yet the group's

  3. Investing - Hedge funds quit Aberdeen shorts as shares begin to recover, Hedge funds' next big short: U.S. malls, O'Connor fund owns 9.5% of Protalix Biotherapeutics, U.S. hedge fund takes position in Macau hotel The 13[more]

    Hedge funds quit Aberdeen shorts as shares begin to recover From Investmentweek.co.uk: The last two hedge funds to short Aberdeen Asset Management have removed their positions, as the fund group's shares begin to show signs of recovery after a difficult few years. According to the Financ

  4. Latin America, high yields and Asia Pacific strategies dominate hedge fund returns in January[more]

    Komfie Manalo, Opalesque Asia: Latin America (+7.04%), high yield (5.63%), and Asia-Pacific (+5.06%) strategies dominated hedge fund performance in January, data provider Hennesee Fund Research said. The bottom three strategies for the mont

  5. Investing - Hedge funds loading up on this dividend stock, The biggest hedge funds have been piling into bank stocks[more]

    Hedge funds loading up on this dividend stock From Incomeinvestors.com: Hedge funds are backing up the truck on Cameco Corp stock. Billionaire Jim Simons owns 389,000 shares. Other Wall Street titans - including Ray Dalio, Ken Griffin, and Chuck Royce - have been quietly building positio