3.5 Trillion Dollar Investor: A Mystery Man

Former physicist and bond trader Zhu Changhong remains a mystery man to most, despite handling investment of “the world’s largest stash of cash,” China’s $3.5 trillion foreign reserves. From Lingling Wei and Bob Davis at The Wall Street Journal:

Mr. Zhu is a key figure in the allocation of trillions of dollars at a time when Europe still is looking for sources of capital and developing countries worry that the resources boom shows signs of ebbing. But despite being charged with directing China’s efforts to diversify its and earn decent returns, little is known about Mr. Zhu; Chinese media call him “invisible.”

A 43-year-old former physicist, Mr. Zhu has made one surprising turn after another in his career. At 20 years old, he moved from impoverished Anhui province to the University of Chicago to study quantum physics, but he then chucked a promising academic career to become a bond trader. He eventually ended up as the right-hand man to investor Bill Gross at Allianz SE‘s Pacific Management Co., the giant firm, according to people familiar with Mr. Zhu’s work. [Source]

The report adds that “he is so low-key that China’s legions of Internet users complain that there isn’t a single picture of Mr. Zhu online.”

SUPPORT CDT

CDT on Twitter

Google Ads 1

CDT EBOOKS

Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.