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China’s $1 Trillion Wealth Fund Loses Quant Trading Team Leader

  • Director of public equities Zhang Rong has left, people say
  • Wu Jian’an left CIC’s private equity department recently

The team leader for quantitative stocks trading at China’s $1.2 trillion sovereign wealth fund has resigned, joining a growing list of departures among the firm’s investing professionals, according to people familiar with the matter.

Zhang Rong, a director in China Investment Corp.’s public equities department, submitted her resignation in December to seek other opportunities, the people said, asking not to be identified discussing private information. Wu Jian’an, a director and team leader for co-investments in the private equity department, also left the firm earlier, they said.