12.06.2014 - Former CIC stock picker Yu Bin plans China fund, sources say
Yu Bin, a former managing director at China's sovereign wealth fund, plans to start a fund focused on China equities, sources said. Yu resigned from Beijing-based China Investment Corp (CIC) earlier this year for personal reasons, they said. He will remain based in China and his long-biased fund will primarily bet on stocks whose prices are expected to rise, they said. Institutional investors globally have been scouting for China-based managers with international experience, who can pick stocks set to benefit from growth in the world's second-largest economy and do not charge hedge-fund fees that are typically higher...............................................Full Article: Source
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