Asia market round up: Wanted: fund managers

More on sovereign wealth funds

While Japan’s promise to hire ‘only the best and brightest’ should it get its sovereign wealth fund off the ground will attract the interest of fund managers looking for a challenge, a new report suggests that yet more opportunities to work in the high-profile SWF sector might be forthcoming. The report, from Shanghai-based firm Z-Ben advisers, projects that “More than $320 billion in new assets will be assigned to foreign third-party mandate managers by China’s sovereign wealth funds – China Investment Corporation (CIC), National Council for Social Security Fund (NCSSF) and China-Africa Development Fund (CAD Fund) by the end of 2010.”