China Wealth Fund CIC Hires Point72 Veteran to Lead Quant Team
- Jane Zhao joins as managing director for public equities
- CIC has scaled up high-level hires following talent exodus
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China’s $1.4 trillion sovereign wealth fund hired former Point72 Asset Management veteran Jane Zhao to lead its proprietary quantitative stocks investment team, people familiar with the matter said.
Zhao has joined Beijing-based China Investment Corp. as a managing director at the public equities department to oversee the quant trading team, the people said, requesting not to be named because the matter is private. The appointment came after Zhang Rong, a director who was in charge of the team, resigned at the end of 2021 to seek other opportunities, Bloomberg reported earlier.