03.07.2013 - New CIC sovereign fund boss faces greater challenges
Ding Xuedong, recently tapped to lead the mainland's sovereign wealth fund, will be under more scrutiny than his predecessor. The new boss of China Investment Corp, the mainland's US$480 billion sovereign wealth fund whose chairmanship had been vacant for about five months, faces two immediate challenges - making more money from the fund's overseas investments and finding additional capital. The two challenges may have been reflected in the months of internal debate and jockeying for the chairmanship of one of the world's largest sovereign funds, even with some candidates reportedly hesitant to accept the post due to increased pressure to generate returns and a lack of financial support. Some industry watchers said the long interregnum could have diminished the importance of Beijing-headquartered CIC........................................Full Article: Source