IN BRIEF (Page 13)

CIC portfolio manager

China's sovereign wealth fund has brought in a China-born portfolio manager with US experience to run its hedge-fund investments, The Wall Street Journal reported. Bill Lu, formerly a portfolio manager at US hedge fund Tudor Investment Corp, has become a managing director at China Investment Corp with responsibility for investments in hedge funds and hedge-fund-like investments in public-market securities, the report said.

Daqin share placement