Tue, May 26, 2015
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. Comment - Top hedge fund managers talk about how easy their jobs have gotten, BlackRock to Schroders warn of Argentina’s $20bn bond glut, The 35-year “investment supercycle” is drawing to a close, says Bill Gross, Gundlach: When the Fed starts hiking rates, 'GET OUT' of this asset class[more]

    Top hedge fund managers talk about how easy their jobs have gotten From Businessinsider.com.au: Time was, before the financial crisis hit, corporate boards treated multi-billion dollar hedge fund managers like Jehovah’s Witnesses pounding on their doors and flashing bibles. But no more.

  2. T Rowe's challenge to Dell deal may fuel critics of 'appraisal'[more]

    From Reuters.com: An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could soon face a major courtroom test when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker. The strategy, known as "

  3. News Briefs - Ergen says LightSquared plan unfairly favors hedge funds, Why hedge fund managers make good advisory clients, I learned a lot about dad-bros after spending 4 days in Vegas with 2,000 hedge funders[more]

    Ergen says LightSquared plan unfairly favors hedge funds LightSquared Inc.’s bankruptcy plan gives hedge funds that invested in the broadband company a leg up while blocking telecommunications firms from competing with it, a fund owned by Dish Network Corp. Chairman Charles Ergen said in

  4. Opalesque Exclusive: SEC approves proposed changes to Form ADV, '40 Act - comment period to follow[more]

    Bailey McCann, Opalesque New York: Hedge funds and providers of liquid alternatives will want to pay close attention to proposed reforms approved by the SEC yesterday. The changes will require more frequent reporting, as well as a closer look into social media, liquid alternative strategies, and

  5. Opalesque Exclusive: Ovation Partners targets opportunities where few "natural lenders" participate[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Changes in financial regulations post-2008 (Dodd-Frank and Basel III) are forcing banks to significantly alter their core lending businesses. And as mid-sized

 

banner