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Sovereign Wealth Funds Briefing - Categorized | Market

Is China’s CIC going to mirror Yale Endowment? New management may be the key

Posted on 23 January 2014

A changing of the guard at the top of the China Investment Corporation, the $575 billion Chinese sovereign wealth fund, may take it closer to resembling its newfound role model: Yale Endowment.
Today, word reached the Chinese press that Gao Xiqing, the president of CIC and also one of its founders, is to step down into retirement, to be replaced by the chief investment officer he recruited in 2011, Li Keping. This is the second major change at the top of CIC in less than a year, after Ding Xuedong became chairman in July……………………………..Full Article: Source


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