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Report: China wealth fund's hedge funds chief steps down

The Chinese $941 billion sovereign wealth fund's head of hedge funds recently stepped down to pursue other career opportunities, Bloomberg News reported, citing people familiar with the matter.

Roslyn Zhang was a managing director in China Investment Corp.'s fixed income and absolute return department.

The reported resignation adds to a series of senior executive departures in recent years. In April, China named Peng Chun as chairman, replacing Ding Xuedong, who left the role in February 2017 to join China's State Council.