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Senior Executives Quit China Wealth Fund Over Pay, Opportunities

(Bloomberg) — China’s sovereign wealth fund is losing senior-level talent at one of the worst possible times.

Three of China Investment Corp.’s top executives have resigned since April, leaving the $941 billion fund without some of its most experienced managers during a period of historic volatility in global markets. The departures add to a steady exodus in recent years that has included at least 17 team heads and managing directors.

Conversations with former and current managers point to shrinking opportunities, sliding compensation competitiveness and rising restrictions, all of which erode CIC’s attractiveness as a government-owned institution trying to operate as a market-based investor. The departures have now become significant enough that they threaten to hurt the fund’s returns, according to Li Jie, head of the foreign reserves research center at Beijing’s Central University of Finance and Economics.

“There’s no doubt that CIC’s appeal to talent in the market has been

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20 Hot Jobs That Pay More Than $150,000

How does a job earning more than $150,000 a year sound? The first step to pursuing a six-figure career is identifying which careers have that earning potential — even if they don’t start at that pay, according to Cheryl Palmer, a certified career coach and owner of Call to Career. “If the potential is there to make six figures, then you can put this career on your list and then decide out of all the careers that have this type of earning potential which one(s) you are most interested.”

If you’re looking to get into a career that is growing and pays well, consider these high-paying jobs that have lots to offer.

Last updated: Feb. 25, 2020

1. Anesthesiologist

An anesthesiologist is a doctor who administers drugs to ease patients into unconsciousness before surgery or reduce pain for other medical procedures.

The Bureau of Labor Statistics (BLS) lists anesthesiologists

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