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China’s $1.2 Trillion Wealth Fund Loses Another Two Directors

  • Managers resign from risk, dynamic asset allocation roles
  • Add to more than 20 departures from CIC in recent years

China Investment Corp., the nation’s $1.2 trillion sovereign wealth fund, has lost two more directors, adding to a string of senior departures in recent years. 

Sun Bo, who was head of the dynamic asset allocation team, resigned last month, people with knowledge of the matter said. Qian Shichun, a risk management team leader for private investments, also quit recently to seek other career opportunities, the people said, asking not to be identified discussing personnel changes.