Socialist France's Undercover Capitalist
Regis Turrini steers the 'sovereign hedge fund' that owns the state's shares in Renault, Airbus, and EDF
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Regis Turrini works for Europe's most prominent Socialist state. But he's really a covert capitalist.
Since September, the former deals specialist from Vivendi SA has headed a French government fund that oversees $130 billion in shares in 74 companies. While serving his socialist masters, Turrini says his goal is to make the fund less of a cudgel for implementing government policies and more like any other investor, managing his holdings to maximize returns.