CIC hiring global talent
BEIJING - China Investment Corp (CIC), the nation's sovereign wealth fund, is starting a new round of international hiring to meet its "business development needs", according to its website.
The company is offering 64 positions from asset allocation to private equity investment, with jobs posted on its website.
The $300 billion fund will seek a "more flexible" investment strategy this year as global markets didn't show a-clear trend, Executive Vice President Jesse Wang told reporters in Beijing in March. The company earlier this month sold 5.1 million shares in Morgan Stanley after the stock rallied.
CIC is likely to report a return on its global portfolio "well above 10 percent" for 2009, according to Rachel Ziemba, London-based senior analyst at Roubini Global Economics.
Bloomberg News
(China Daily 07/28/2010 page16)
