Amid the billions of dollars China has accumulated by underwriting our national debt comes a new initiative – a giant investment fund to be staffed in part by western financial services professionals seeking a global career opportunity.
The China Investment Corp.’s $200 billion sovereign-wealth fund is looking for “global talent” to join them in Beijing. Apparently cash isn’t an issue. In May the new fund sank $3 billion into the Blackstone Group, a private equity firm.
Here are some of the two dozen available positions:
- Compliance Manager
- Risk Control Manager
- North America and Japan Market Equities Portfolio Manager
- Emerging Market Equities Portfolio Manager
- Fixed Income Portfolio Manager
- Public Relations Manager
- Senior IT Project Manager
There may be a catch or two, however. According to some accounts the fund might be used for “political and strategic purposes” that run counter to the best interests of the American consumer or economy. But I wouldn’t worry about that just yet.
What I would stress about is getting the job and living in a fishbowl 24/7, because it’s highly unlikely that you will be able to communicate as freely as you would like with your friends in the west. Governments will be watching these investments – and presumably the investors too – very closely indeed.
