SAFE’s CIO to Leave Job
Zhu Changhong, the man behind managing China’s foreign exchange reserves, is leaving his position as chief investment officer. The former PIMCO alumni is credited for diversifying China’s foreign reserves away from U.S. Treasury bonds. Zhu lowered the proportion of treasuries, while increased exposure to U.S. corporate bonds, equities, real estate, Japanese bonds and Japanese equities.
Zhu joined PIMCO in 1999.
The Sovereign Wealth Fund Institute covered inside details of China’s SAFE back in November 2013.
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