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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, People, Trends

CIC needs to recruit global talent: analysts

Posted on 04 July 2013

China Investment Corporation (CIC), the sovereign wealth fund of the world’s second largest economy, should open its doors and recruit the world’s top fund managers in order to improve its performance, analysts told the Global Times Wednesday. Without this change, any new leader of the sovereign wealth fund will find it very challenging to achieve satisfactory results, they said.
The CIC chairmanship has been vacant for four months, and the reason for the lengthy vacancy is that nobody is willing to take on the huge pressure of generating a decent investment return, said Tian Yun, editor-in-chief of Macro China Information Network, a macroeconomics information portal………………………………………..Full Article: Source


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